Here are 10 things you should know for Thursday, Jan. 16:
1.-- U.S. stock futures were falling Thursday after consumer prices rose 0.3% in December and after jobless claims declined for a second straight week.
2.-- Weekly initial jobless claims fell 2,000 to a seasonally adjusted 326,000; economists polled by Reuters had expected first-time applications to fall to 328,000 in the week ended Jan. 11.
The Consumer Price Index for December rose 0.3%, the largest increase in six months driven up by higher gas prices. But excluding energy, inflation was tame.
3.-- U.S. stocks on Wednesday rose following a number of encouraging economic reports and an upbeat earnings announcement from financial heavyweight Bank of America (BAC).
The S&P 500 rose 0.52% to close at 1,848.38, a record high. The Dow Jones Industrial Average gained 0.66% to 16,481.94, and the Nasdaq finished up 0.76% to 4,214.88.
4.-- Yahoo! (YHOO) ousted Chief Operating Officer Henrique de Castro.
De Castro was one of CEO Marissa Mayer's first major hires since coming on board from Google (GOOG), but there have been reports in recent months that the relationship between the two had soured, with de Castro being unable to turn around Yahoo!'s core advertising business.
Yahoo! declined to comment on the reasons for de Castro's exit. Mayer didn't name his replacement.
It's doubtful de Castro would be leaving if he were bringing in the revenue that Mayer envisioned, BGC Financial analyst Colin Gillis told The Associated Press.
"This was one of her key hires and he is already gone," Gillis said. "It doesn't look good."
The stock fell 2.1% to $40.20 in premarket trading on Thursday.