Major business and economic events scheduled for Thursday:

Major business and economic events scheduled for Thursday:

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

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

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

WASHINGTON — Federal Reserve Chairman Janet Yellen testifies about the economy and monetary policy before the Senate Banking, Housing and Urban Affairs Committee.

PARIS —French utility GDF-Suez reports its full-year earnings.

BERLIN —Germany's Federal Labor Agency releases February unemployment figures for Europe's biggest economy.

MADRID — Telecommunications company Telefonica presents fourth-quarter results.

FRANKFURT, Germany —Insurer Allianz SE reports fourth-quarter and full-year earnings figures.

Sears Holdings Corp. reports quarterly financial results before the market opens.

Best Buy Co. reports quarterly financial results before the market opens.

Gap Inc. reports quarterly financial results after the market closes.