U.S. stock indexes fell on Wednesday as the special operation in Ukraine continued and investors braced for new employment data and a meeting of the international oil producers’ cartel to decide what to do next.

U.S. jobs data on Wednesday came in positive, slightly above expectations, and set the tone for the government’s broader March employment report.

At the same time, new data on economic output for the fourth quarter came in slightly below expectations. Thursday will begin with fresh data on jobless claims for the previous week, which in last week’s report hit a low not seen since 1969.

Thursday will also see the release of personal spending and income data, as well as inflation data. All this comes as the U.S. Federal Reserve considers how strongly it should raise rates at its next meeting, given the continued rise in energy prices and the special operation in Ukraine.

A new wave of earnings reports from S&P 500 (NYSE:SPY) companies will begin in April, and CEOs’ views on inflation and supply channels will be in the spotlight.

Here are 3 events that could impact the market on Thursday:

1. Jobless claims

U.S. jobless claims are due to be released on Thursday after falling to their lowest level in 52 years last week. Analysts at Investing.com forecast initial jobless claims to come in at 197,000, up from the 187,000 previously reported but still at a low level compared to the start of the pandemic 2 years ago. All mentioned data will be reported at 08:30am ET (12:30pm GMT).

2- Personal Spending

Personal spending in the U.S. is estimated to rise 0.5% in February compared to January, down from a 2.1% gain in the previous month. This could be a sign that consumers are cutting back on spending due to higher energy and food prices.

3- Personal Income

Personal income data will also be reported. The projected growth in personal income for February is 0.5% from the previous month, which is slightly better than the 0% recorded in January.