What goes up must come down... or at least that's how the saying goes.
U.S. stock futures are dipping lower after both the Dow Jones Industrial Average and the S&P 500 surged to new all-time highs Wednesday.
Here are five things you need to know before the opening bell rings in New York:
1. Market movers: Shares in Tesla (TSLA) are set to jump Thursday after the company posted earnings that beat expectations. Whole Foods (WFM) stock is also expected to pop after reporting record sales.
Shares in Time Warner (TWC) -- which owns CNNMoney -- could also be on the move after its quarterly results impressed investors.
2. Earnings: Some of the big names reporting earnings before the opening bell include AOL (AOL), AstraZeneca (AZN), Cablevision (CVC), and DirecTV (DTV). Walt Disney (DIS) and Zynga (ZNGA) will post after the close.
In Europe, investors will be parsing through earnings from Adidas (ADDYY), Commerzbank (CRZBY), Siemens (SIEGY) and fashion brand Hermes (HESAY).
3. Oil: OPEC will present its World Oil Outlook at 8:30 a.m. ET. Traders are hoping it will give more insight into long term plans for oil production and prices.
Crude oil prices have fallen by about 26% since the middle of June and are currently trading below $79 per barrel in New York, which is squeezing many nations that depend on energy exports.
Related: These countries are getting killed by cheap oil
4. Economics: There's a focus on U.S. jobs this morning. The U.S. government will post weekly jobless claims at 8:30 a.m. ET. The Challenger Job Cuts report for October will also be out at 7:30 a.m.
Central banks are also top of mind: Traders are waiting on the European Central Bank to issue its latest monetary policy decision at 7:45 a.m ET and hold a news conference at 8:30 a.m.
The Bank of England will also issue its policy decision this morning.
5. International markets overview: All the major European markets were declining in early trading.
Asian markets mostly closed in the red.
