Thursday's economic calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 GDP Q1
8:30 Fed's Pianalto: Monetary Policy and Economic Outlook
8:30 Corporate Profits
9:45 Chicago PMI
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
3:00 PM USDA Ag. Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet