Here are 10 things you should know for Thursday, July 17:
1. -- U.S. stock futures were falling Thursday ahead of a number of economic data points and a slew of corporate earnings reports.
European stocks fell after the U.S. and European Union levied new sanctions against Russia for its alleged interference in Ukraine.
Asian shares finished the session with mostly lower. Tokyo's Nikkei 225 declined 0.1%.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, housing starts and building permits for June at 8:30 a.m., and the Philadelphia Fed Index for July at 10 a.m.
3. -- U.S. stocks on Wednesday gained after the release of the Federal Reserve's Beige Book nudged the Dow Jones Industrial Average to a record high on Wednesday. The Fed noted the economy is expanding at a modest to moderate pace with consumer spending, manufacturing and job growth increasing in all districts.
The Dow rose 0.45% to 17,138.2. The S&P 500 gained 0.42% to 1,981.57. The Nasdaq added on 0.22% to 4,425.97.
4. -- IBM (IBM) is expected on Thursday to report second-quarter earnings of $4.29 a share on revenue of $24.13 billion.
5. -- Search giant Google (GOOGL) is forecast by Wall Street to report after Thursday's closing bell earnings of $6.24 a share on second-quarter revenue of $15.62 billion.
6. -- General Electric (GE) has stepped up efforts to find a buyer for its appliance business, one of GE's final ties to American consumers, The Wall Street Journal reported, citing people familiar with the matter. In 2008, the company scrapped plans to sell the operation that makes refrigerators, air conditioners and washing machines.