5 stocks to watch on Thursday: Amazon, Southwest Airlines, Walgreens and more
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With the latest jobs data showing ongoing tightness in the labor market, the futures eliminated gains seen earlier in the morning, suggesting Wall Street would see a lower open to start Thursday's trading. Here are some stocks to watch on Thursday:

Amazon (NASDAQ:AMZN) edged higher in premarket action following news that the company plans to cut a total of over 18K jobs. This total includes the approximately 10K cuts that were reported back in November. Shares rose almost 2% before the opening bell.
Southwest Airlines (LUV) will face a hearing before a U.S. Senate committee related to the wave of cancellations that stymied the airline during December. U.S. Senate Commerce Committee chair Maria Cantwell confirmed that lawmakers will conduct an inquiry into the situation.
Western Digital (WDC) received premarket buying interest, rising nearly 6% amid reports that the firm has resumed merger negotiations with Kioxia Holdings. According to Bloomberg, the companies started up talks again late last year, although they remain at an early stage. Previous talks between the firms stalled in October.
Walgreens Boots (WBA) ticked lower before the opening bell, despite Q1 results that topped expectations. The drug store chain's earnings and revenue exceeded analysts' projections, with a top-line figure that slipped about 2% to $33.38B.

Better-than-expected results gave a premarket lift to ConAgra Brands (CAG). Shares of the packaged food maker advanced more than 3% after the firm's Q2 profit surpassed analysts' consensus. Revenue rose 8% to $3.3B.


Looking at the day's biggest economic news, payroll processor ADP reported that private-sector jobs saw a larger-than-expected increase in December, with the figure climbing 235K.