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NEW YORK (CNNMoney)
But there were signs Thursday that investors are starting to regain their confidence. U.S. stock futures were roughly 0.2% higher ahead of the opening bell, and a group of companies including Tesla were poised for a strong start after posting solid quarterly results.
U.S. stocks declined for a third straight day Wednesday based, in part, on fears of the U.S. Federal Reserve cutting back on its massive quantitative easing campaign, which has flooded the markets with liquidity.
Looking ahead, the U.S. government will release its weekly report on initial jobless claims at 8:30 a.m. ET. Firms including T-Mobile (TMUS) and Apollo Global Management (APO) are set to release quarterly results in the morning, while Priceline.com (PCLN) is up in the afternoon.
Related: Fear & Greed Index
Tesla (TSLA) shares surged in after-hours trading after the electric-car maker reported a surprise quarterly profit.
Solar City (SCTY), which is chaired by Tesla CEO Elon Musk, also reported better-than-expected earnings after the closing bell, sending shares higher in after-hours trading.
Groupon (GRPN) was poised to open markedly higher after the daily deals site posted strong sales and announced a $300 million share-buyback program.
Green Mountain Coffee Roasters (GMCR) shares fell in after-hours trading following quarterly sales figures that missed expectations.
On the international stage, European markets were treading water in the morning, with London's FTSE 100 edging up by roughly 0.1%.
In Asia, Japanese stocks continued to push lower and the Nikkei lost 1.6% as the yen strengthened throughout the day. The index fell by 4% Wednesday.
The Shanghai Composite index edged up by 0.1% and Hong Kong's Hang Seng index was off by 0.3% as China reported stronger-than-expected July trade figures for imports and exports. 
First Published: August 8, 2013: 5:12 AM ET
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