Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 219 thousand initial claims, down from 228 thousand last week.

• At 8:30 AM, Housing Starts for April. The consensus is for 1.200 million SAAR, up from 1.139 million SAAR in March.

• At 8:30 AM, the Philly Fed manufacturing survey for May. The consensus is for a reading of 9.3, up from 8.5.