Stock Market Update

[BRIEFING.COM] The major indices are moving mostly sideways ahead of the close. 

The market-cap weighted S&P 500 is down 0.1% and the equal-weighted S&P 500 sports a 0.5% decline.

Thursday's economic calendar features:

• 8:30 ET: May advance goods trade balance (prior -$99.4 bln), advance Retail Inventories (prior 0.7%), advance Wholesale Inventories (prior 0.2%), weekly Initial Claims (Briefing.com consensus 238,000; prior 238,000), Continuing Claims (prior 1.828 mln), May Durable Orders (Briefing.com consensus -1.2%; prior 0.7%), Durable Orders ex-transportation (Briefing.com consensus 0.2%; prior 0.4%), Q1 GDP -- third estimate (Briefing.com consensus 1.3%; prior 1.3%), and Q1 GDP Deflator -- third estimate (Briefing.com consensus 3.1%; prior 3.0%)
• 10:00 ET: May Pending Home Sales (Briefing.com consensus 2.3%; prior -7.7%)
• 10:30 ET: Weekly natural gas inventories (prior +71 bcf)