Economic Data Scheduled For Thursday

Data on durable goods orders for April will be released at 8:30 a.m. ET. Analysts expect durable goods orders rising 0.7% in April following a revised 0.8% increase in the previous month.
Gross Domestic Product report for the first quarter is scheduled for release at 8:30 a.m. ET. Analysts expect GDP increasing 6.5% for the first quarter versus the first estimate's 6.4% growth.
Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are expected to rise slightly to 450,000 for the May 22 week from 444,000 in the prior week.
The pending home sales index for April is scheduled for release at 10:00 a.m. ET. Analysts expect pending home sales rising 2% in April.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
The Kansas City Fed manufacturing index for May will be released at 11:00 a.m. ET. The Kansas City Fed index is likely to increase to 33 in May from previous reading of 31.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
The Treasury will auction 7-year notes at 1:00 p.m. ET.