The Fed Chairman is expected to maintain his dovish tone when he speaks to Congress Wednesday and dispel notions the Fed is ready to cut back its easing policy.
Apple tumbled to its lowest level in over a year, as investors continued to dump shares of the tech company amid worries over second-quarter iPad mini shipments.
PepsiCo reported better-than-expected quarterly earnings on Thursday, as price increases helped margins and the company stood by its full-year forecast.
Factory activity in the U.S. mid-Atlantic region unexpectedly contracted in April while a gauge of future U.S. economic activity fell last month, two separate releases showed on Thursday.
The euro stabilized on Thursday after suffering its biggest one-day fall in almost a year, as prominent ECB official Jens Weidmann hinted of a possible euro zone rate cut. Analysts say there's plenty of reason to take him seriously.
A 10 billion euro aid deal to save Cyprus from bankruptcy has been thrown into fresh uncertainty with news that the country's fractious parliament will vote on the final package.
As worries over the outlook for the global economy resurface, analysts tell CNBC that Asia can take comfort from one fact – the sharp fall in oil prices.
Weekly jobless claims will be more important than usual for markets Thursday, after an uneven series of claims reports this month and a surprisingly weak March employment report.
China's former foreign minister championed peace during an interview with CNBC in Moscow, asking CNBC what it had done to help peace talks resume in North Korea and Washington.
The first round of voting in Italy's presidential elections was inconclusive, Reuters reported at midday on Thursday, making a two third majority for the presidential front runner impossible.