Updated from 6:50 a.m. EDT
Here are 10 things you should know for Thursday, March 27:
1.-- U.S. stock futures were suggesting Wall Street would rebound Thursday ahead jobless claims and growth data.
European shares were mixed in early trading. Asian shares ended Thursday's session mixed. Japan's Nikkei 225 index rose 1%.
2.-- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, the third estimate of fourth-quarter GDP at 8:30 a.m., and pending home sales for February at 10 a.m.
3.-- U.S. stocks on Wednesday fell as the latest headlines on durable goods orders ultimately failed to generate enthusiasm about U.S. manufacturing conditions.The Dow Jones Industrial Average lost 0.6% to close at 16,268.99, while the S&P 500 dropped 0.7% to 1,852.56. The Nasdaq fell 1.43% to 4,173.58.
4. -- Citigroup ( C) and Zions Bancorp ( ZION) had their capital plans rejected by the Federal Reserve following the central bank's annual Comprehensive Capital Analysis and Review.
Five of 30 banks had their 2014 capital plans rejected by the Fed. The others include three foreign-held U.S. bank holding companies : HSBC North America Holdings (a unit of HSBC ( HSBC)), RBS Citizens Financial Group (held by Royal Bank of Scotland ( RBS) and Santander Holdings USA, which is held by Banco Santander ( SAN).
It wasn't a surprise to see Zions have its capital plan rejected when the Fed completed CCAR, in light of the bank's failure in in the first round of last week's stress tests.
The Federal Reserve objected to the other four banks' capital plans, based on "qualitative concerns."
All five banks will be expected to submit revised capital plans to the regulator, and aside from Zions, could still deploy excess capital over the next year.