What to Watch in the Day Ahead - Thursday, May 28

New applications for unemployment insurance likely fell last week, keeping in line with a labor market that is generally improving. Analysts expect the U.S. Labor Department to report that jobless claims were up to 270,000 last week, compared with prior week's 274,000. (0830/1230) The National Association of Realtors releases data on pending home sales which is expected to have risen 0.9 percent in April after gaining 1.1 percent in March. (1000/1400)