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Oct. 29 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Thursday, Oct. 29:

1. -- U.S. stock futures were lower Thursday ahead of data on U.S. growth and after the Federal Reserve on Wednesday left open the possibility of an interest-rate hike in December.

European stocks traded flat while Asian shares ended the session mixed. Stocks in Japan rose 0.2%, while China's Shanghai Composite closed with a gain of 0.4%.

2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, the advanced GDP report for the third quarter at 8:30 a.m., and pending home sales for September at 10 a.m.

3. -- U.S. stocks on Wednesday traded erratically after the Federal Reserve continued to confuse investors by saying interest rates could still rise this year, but then next is still possible, too.

The Dow Jones Industrial Average actually fell into negative territory right after the Fed statement Wednesday afternoon, but then rallied in the final hour to close up more than 175 points.

The S&P 500 ended up 1.2%, the Dow added 1.1%, and the Nasdaq gained 1.3%.

4. -- Drug makers Pfizer (PFE - Get Report) and Allergan (AGN - Get Report) are considering combining, The Wall Street Journal reported.

Pfizer recently...