Markets are poised for a pullback Thursday after the Dow Jones industrial average cruised to a new record high.
U.S. stock futures were pointing lower. Here are four things you need to know before the opening bell rings in New York:
1. Stocks on the move -- SanDisk, Fiat, Volkswagen: Shares in SanDisk fell nearly 10% premarket after its quarterly report disappointed investors. Fiat -- owner of Chrysler -- was up nearly 4% in Europe on a report that Volkswagen is thinking about a takeover. VW shares were down 2%.
2. Earnings: Earnings season continues, with Morgan Stanley due to report results before the opening bell. Shares in the bank were trading up 0.7% premarket. Google and IBM are slated to report earnings after the close.
3. Economic data: The U.S. government will report weekly jobless claims at 8:30 a.m. ET, as well as the number of housing starts and building permits issued in June at the same time.
4. Market overview: Asian markets flopped in trading today, led by a 0.6% drop on China's Shanghai Composite. European stocks were also broadly lower in early trading. Russian stocks fell by nearly 3%, and the ruble slipped against the dollar, after the U.S. announced new sanctions related to the crisis in Ukraine.
U.S. stocks closed higher Wednesday. The Dow Jones Industrial Average closed at 17,138, another record high. The S&P 500 gained about 0.4% and the Nasdaq closed about 0.2% higher.