In other news, Federal Reserve Governor Sarah Raskin address U.S. labor market conditions in a speech Friday. Thursday produced a Weekly Initial Unemployment Claims increase of 2,000. The four-week moving average was 339,750, which is lower by 7,500.
On the corporate news wire, look for Headwaters (NYSE: HW) to meet with analysts. Salesforce.com (NYSE: CRM) is giving a customer company tour in Boston. Thomson Reuters (TRI.TO) is having its investor day in Toronto. Reporting earnings are Tiffany (NYSE: TIF), Darden Restaurants (NYSE: DRI), Intelligent Systems (NYSE: INS), GenVec (Nasdaq: GNVC), Michael Foods (Nasdaq: MIKL) and NTS Inc. (NYSE: NTS). Coca-Cola (NYSE: KO) said it would fire 750 workers after paring distribution centers. J.C. Penney (NYSE: JCP) said its turnaround could take a bit longer than initially expected. Apple (Nasdaq: AAPL) hit 100% renewable energy usage at its data centers run by solar arrays.
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