Thursday

• 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to increase to 341 thousand from 292 thousand last week.

• At 10:00 AM, Existing Home Sales for August from the National Association of Realtors (NAR). The consensus is for sales of 5.25 million on seasonally adjusted annual rate (SAAR) basis. Economist Tom Lawler estimates the NAR will report sales at a 5.35 million annual rate (SAAR).

• Also at 10:00 AM, the Philly Fed manufacturing survey for September will be released. The consensus is for a reading of 10.0, up from 9.3 last month (above zero indicates expansion).