CNN — NEW YORK (CNNMoney) -- Investors will be monitoring the ongoing crisis in Cyprus on Thursday while also awaiting new economic data in the United States.
U.S. stock futures were moderately higher before the opening bell Thursday, the last day of what has been an amazing first quarter for stocks. The Dow has climbed nearly 11% this year and the S&P 500 has risen nearly 10%. The S&P 500 is poised to once again challenge the all-time high that it set in October 2007.
Volume in premarket trading was relatively low ahead of Good Friday, when markets will be closed in the United States and most of Europe.
But in what could be a chaotic scene, banks in Cyprus reopened Thursday morning after being closed since March 16. The island nation plans to limit the amount of money that depositors can withdraw in an attempt to prevent bank runs.
Cyprus agreed early Monday to raise billions of euros from big depositors at the Bank of Cyprus and Popular Bank of Cyprus, and to shrink its banking sector in return for a €10 billion European Union bailout.
Back in the United States, the government will release its weekly data on initial jobless claims at 8:30 a.m. ET, as well as its final reading on fourth-quarter GDP.
Jobless claims are expected to total 335,000 for the week ended March 23, according to a consensus of economists complied by Briefing.com. That would be a slight decline from 336,000 the prior week. The final estimate for fourth-quarter GDP is for an annual increase of 0.3%. The prior reading showed the economy grew at a 0.1% pace.
In corporate news, struggling Blackberry maker Blackberry reported a surprise profit before the opening bell, but sales missed forecasts. The stock initially surged in pre-market trading on the news but lost that momentum and was down 1.5% with about an hour and a half before the market was set to open.
U.S. stocks recovered from earlier weakness Wednesday to end mixed.
European markets were higher in morning trading, while Asian markets ended lower. The FTSE 100 in London, the DAX in Frankfurt and the CAC 40 in Paris all made gains. The Nikkei closed lower by 1.3%, the Hang Seng dropped 0.9% and the Shanghai Composite was off 2.8%