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April 28 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Thursday, April 28:

1. -- U.S. stock futures were tumbling Thursday and European shares fell sharply after Japan's central bank disappointed investors by standing firm on rates, dashing hopes for further stimulus.

Asian stocks ended Thursday's session mixed but the Nikkei 225 in Tokyo declined 3.6%.

2. -- The economic calendar in the U.S. Thursday includes the advance first-quarter reading on U.S. Gross Domestic Product at 8:30 a.m. EDT, and weekly Initial Jobless Claims at 8:30 a.m.

3. -- U.S. stocks on Wednesday ended mixed as tech earnings disappointed while crude oil spiked and the Federal Reserve demonstrated its dovishness yet again.

The S&P 500 rose 0.17%, the Dow Jones Industrial Average rose 0.28%, and the tech-heavy Nasdaq traded lower by 0.51%.

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4. -- Facebook (FB - Get Report) shares surged8.3% in premarket trading on Thursday following the release of better-than-expected first-quarter earnings and revenue.

The social network reported adjusted earnings of 77 cents a share vs. 42 cents in the year-earlier period. The figure topped analysts' estimates of of 62 cents a share.

Revenue increased by 52% in the quarter to $5.38 billion, beating analysts' expectations of $5.25 billion.

Facebook's advertising revenue rose 57% year over year to $5.2 billion, with mobile advertising revenue representing roughly 82% of all advertising revenue for the quarter.

Monthly active users grew by 15% in the quarter to 1.65 billion, while daily active users increased by 16% from a year earlier to 1.09 billion.

"The results, simply, speak for themselves," wrote Jim Cramer and Jack Mohr of Action Alerts PLUS, which owns Facebook. "We...