The Day Ahead: Thursday
*Chain stores ranging from J.C. Penney to Target to Gap report their October monthly sales results.
*Starbucks reports fiscal fourth quarter results. After months of slashing costs and closing stores, the coffee chain’s turnaround appears to be at hand.
*On the economic front, more strength is forecast for productivity in the third quarter, with the Labor Department scheduled to issue preliminary nonfarm productivity and costs data at 8:30 a.m. EST.