Economic Data Scheduled For Thursday

US Gross Domestic Product report for the second quarter is scheduled for release at 8:30 a.m. ET. The second-quarter GDP is expected to grow at an annual rate of 8.0% from 6.4% in the first quarter.
Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims dropping to 390,000 for the July 24 week from 419,000 in the prior week.
The pending home sales index for June is scheduled for release at 10:00 a.m. ET. Pending home sales exceeded estimates in May with an 8.0% monthly surge to 114.7. However, analysts expect the index declining 0.8% in June.
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 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.