What to Watch Thursday: ECB Decision, Ulta Beauty Earnings

On Thursday, March 9, investors await the outcome of the European Central Bank's March meeting. Analysts don't expect a change in the central bank's quantitative easing program nor is a change in interest rates anticipated. Though the central bank is expected to raise its inflation forecasts. Back in the U.S., weekly jobless claims are released at 8:30 a.m. EST. As for earnings, Ulta Beauty (ULTA) - Get Report reports after the markets close. TheStreet's Scott Gamm reports from Wall Street.