Updated with results from Kohl's
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Here are five things you must know for Thursday, Nov. 10:
1. -- U.S. stock futures were rising and the Dow Jones Industrial Average was poised to open at a record Thursday as equities continued their rally following Donald Trump's win in the U.S. presidential election on Tuesday.
European stocks posted strong gains in early trading. Asian shares rallied with Japan's Nikkei 225 surging 6.7%, its biggest gain in at least nine months and more than reversing Wednesday's 5.4% decline, as investors piled back in to riskier assets following a strong rally on Wall Street in the wake of Trump's decisive victory and Republican control of Congress.
"People realized that it is not the end of the world. Trump, being a businessman, will actually promote pro-business legislation, like cutting taxes and also spending heavily on infrastructure," which could help growth in the U.S., Francis Lun, chief executive of Geo Securities, told the Associated Press. But, he added, many investors will be watching with a skeptical eye to see what policies Trump actually will implement.
The Mexican peso recouped some losses after plunging against the dollar Wednesday on fears Trump might cancel favorable trade deals with Mexico. The dollar weakened 0.3% to 19.79 Mexican pesos, which was still near its lowest level in decades.
Oil prices in the U.S. early Thursday slipped slightly to $45.09 a barrel. The International Energy Agency said Thursday that global oil production rose in October, even after OPEC pledged to curb output in hopes of driving up prices.
Kohl's (KSS) shares rose 9.2% in premarket trading after the retailer reported third-quarter adjusted earnings of 80 cents a share, 10 cents above forecasts. Kohl's also said it raised its outstanding stock buyback program to $2 billion.
AstraZeneca (AZN) shares were slipping Thursday in London after the drug company said third-quarter sales of its blockbuster Crestor drug declined sharply in the face of generic competition, and earnings fell 12%.
2. -- The economic calendar in the U.S. on Thursday includes weekly Initial Jobless Claims at 8:30 a.m. EST, and the Treasury Budget for October at 2 p.m.
St. Louis Federal Reserve Bank President James Bullard will give a talk at Commerce Bank in St. Louis, at 9:15 a.m.
As operating chief, Noto will take over Twitter's "revenue generating organizations including global advertising sales, data, revenue product, and [mobile ad exchange] MoPub, as well as global partnerships and business development," while maintaining control of its burgeoning live content efforts, the company said.
The change makes Noto, whose authority at Twitter has gone beyond that of your standard CFO, the microblogging platform's clear second-in-command, behind CEO Jack Dorsey.
Twitter fell 2.5% in premarket trading on Thursday.
4. -- Verizon (VZ) might rescind its $4.8 billion offer to buy Yahoo! (YHOO) , in part because of the damage resulting from the massive hack of Yahoo! customers, the Internet company said Wednesday in a regulatory filing.
Yahoo! said there's "no assurance" that Verizon will actually go through with the deal, according to its filing with the Securities and Exchange Commission, CNNMoney reported.
5. -- Shares in German engineering group Siemens (SIEGY) rose on Thursday after it announced it would spin off its health care business and released earnings for the fourth quarter and year that topped expectations.
The spinoff decision comes as analysts predicted that Siemens' health care business, the company's largest unit by revenue, will reap the benefits of a repeal by the incoming Trump administration of President Obama's health care reforms. Jefferies analysts on Wednesday noted that the U.S. accounts for more than half of the unit's business as they reiterated their buy rating on Siemens stock. Siemens calls the division Siemens Healthineers.