Major business events and economic events scheduled for Thursday:

WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m.

WASHINGTON — Commerce Department releases durable goods for April, 8:30 a.m.

WASHINGTON — Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.

Tiffany & Co. reports quarterly financial results.

BERLIN — Germany's Ifo institute releases its monthly index of business confidence.