Here are the key events to watch on Thursday

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Here are the key events to watch on Thursday

Here are the key events that take place on Thursday.

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

The Commerce Department is going to post the third and final estimate for 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.

GDP, the broadest measure of goods and services produced in the nation, fell to 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.

Economists surveyed by Refinitiv expect the updated data to be unchanged on Thursday and show that growth did shrink at a 0.6% pace in the spring.

The Labor Department will release its count of new unemployment benefits last week, likely to give 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. The number of workers receiving unemployment benefits is expected to be higher to 1.388 million, after falling to the lowest since mid-July.

The initial public offering of shares was priced by Germany s Volkswagen AG on Wednesday, 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.

In a tribute to the company's famous 911 sports car, VW created 911 million Porsche shares.

The earnings will be handed over to Bed Bath Beyond, CarMax, Micron Technology and Rite Aid before the market opens and Nike after the bell.

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