Here are the events to watch out for Thursday

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Here are the events to watch out for Thursday

Here are the events that take place on Thursday.

The Commerce Department will release its final estimate of 2 Q GDP.

The Commerce Department is expected to post the third and final estimate for the second quarter gross domestic product at 8: 30 a.m., along with updated growth figures for the past five years, a process it performs annually.

The GDP, the broadest measure of goods and services produced in the nation, shrank at a 1.6% annualized pace in the three months from January to March and declined a 0.6% pace between April and June, meeting the criteria for a so-called technical recession.

The Labor Department will release its count of new unemployment benefits last week, likely to provide more evidence of a tight labor market that is cooling.

Expectations are for 215,000, barely above the previous week's tally of 213,000. Continuing claims, which track the total number of workers who are receiving unemployment benefits, are expected to move higher to 1.388 million, after falling to the lowest since mid-July.

Germany s Volkswagen AG said Wednesday it had priced the initial public offering of shares at the top end of the targeted range, putting the IPO on track to become one of Europe's largest in more than a decade, according to the Wall Street Journal.

Porsche's preferred stock values were about $73 billion.

The valuation of Tesla of more than $886 billion leads the way of Japan's Toyota Corp.

VW created 911 million Porsche shares in a nod to the company's famous 911 sports car.

THURSDAY EARNINGS: Wrapping up the week for earnings will be Bed Bath Beyond, CarMax, Micron Technology and Rite Aid before the market opens and Nike after the bell.

FED SPEAKERS and Cleveland Fed President Loretta Mester will be in a policy panel before the hybrid Inflation: Drivers and Dynamics Conference 2022 co-hosted by the Bank's Center for Inflation Research.