THURSDAY MORNING’S TOP STORIES
By MarketWatch
Premarket movers
U.S. stock futures trended lower after the release of weekly jobless claims as well as data on GDP growth. Read Indications for more U.S. market action.
Global markets
European bourses drifted into the red as uncertainty surrounding the region’s sovereign debt squeezed out early optimism. Read about Europe markets .
In Asia, rising commodities prices worked to restore some investor confidence. Read about Asia markets.
Breaking news
H.J. Heinz Co.’s HNZ +0.30% fourth-quarter profit increased to $223.9 million, or 69 cents a share, from $192.4 million, or 60 cents a share, in the year-ago period.
Forest Oil Corp. FST +0.87% priced the initial public offering of its Lone Pine Resources Inc. at $13 a share.
Gold futures GCQ11 -0.21% for August pared earlier losses.
Oil futures for July delivery CLN11 -0.42% were on the decline.
The U.S. economy expanded at a 1.8% annual rate in the first quarter, the same growth rate as initially estimated. Read about first-quarter U.S. GDP.
U.S. jobless claims rose by 10,000 to 424,000 in the week ended May 21. Read about U.S. jobless claims .
