Here is what you need to know on Thursday, December 28:

Here is what you need to know on Thursday, December 28:

Data released on Wednesday showed the Richmond Fed Manufacturing Index dropping to -11 in December, worse than the market consensus of -7.

Shipments fell from -8 to -17, new orders decreased from -5 to -14, and employment edged down from 0 to -1.

On Thursday, the weekly Jobless Claims report is due, along with trade figures and the November Pending Home Sales report.