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This is what you need to watch Thursday

Closing Bell Exchange: Dow 20,000 on the way?

Earnings from Macy's and Kohl's and weekly jobless claims data roll out ahead of Wall Street's opening bell Thursday.

Stock futures were higher ahead of the open, and Treasury yields were higher. Oil futures were slightly higher.

A risk-off mood pervaded markets Wednesday, as oil slid and investors reached for yield in the bond market. On Thursday, there is a $15 billion 30-year bond auction at 1 p.m. EDT, which could be well received if it follows the pattern in Wednesday's 10-year note auction.

Kohl's reported earnings of $1.22 per share, before items, on revenues of $4.18 billion. Kohl's rose nearly 7 percent ahead of the opening bell.

Shares of Chinese online retailing giant Alibaba rose ahead of the bell after the company reported better than expected earnings.

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