Here is what you need to know.

The US economy grew at an annual rate of 4.2% in the second quarter, according to an advanced estimate released Wednesday by the Commerce Department.

Freight tonne kilometers - or the weight of volume transported multiplied by distance traveled - grew a seasonally adjusted 2.1% year-over-year in July, the smallest increase since May 2016, according to data released Thursday by the International Air Transport Association (IATA).

The 2y10y yield curve in particular - and the difference between short and long-term bonds in general - holds less predictive power than is widely believed, according to new research from the San Francisco Fed, cited by Bank of America Merrill Lynch.

Salesforce beat on both the top and bottom lines, but its adjusted third-quarter earnings-per-share guidance of $0.49 to $0.50 fell short of the $0.54 that Wall Street was expecting. It's adjusted EPS guidance beat for the full year.

The Japanese electronics giant is moving its European headquarters to Amsterdam in an effort "to avoid potential tax issues" linked to Brexit, according to the Japanese media organization Nikkei.

SVMK, the parent of online polling company Survey Monkey, filed for an initial public offering on Wednesday. It does not yet know how many shares it will sell, or at what price.

Qantas' Project Sunrise involves configuring an aircraft so that it can fly about 300 passengers and their luggage further than any regular service so far, with fuel in hand for unexpected headwinds and emergencies.

China's Shanghai Composite (-1.14%) led the losses in Asia and Germany's DAX (-0.96%) trails in Europe. The S&P 500 is set to open down 0.23% near 2,907.

Abercrombie & Fitch, Campbell Soup, Dollar Tree, and Dollar General report ahead of the opening bell while American Outdoor Brands and Lululemon release their quarterly results after markets close.

Personal income and spending and initial claims will all be reported at 8:30 a.m. ET. The US 10-year yield is down 1 basis point at 2.88%.