"Key Market Insights: ECB Rate Decision, Retail Sales, and Adobe Earnings"

Here are five things investors need to know before the stock market opens on Thursday: 1) Investors will be watching for the August producer price index (PPI) report after a mixed reaction to the hotter-than-expected consumer price index (CPI) report; 2) The CPI report showed higher prices on gas and housing, with economists expecting gas prices to be temporary; 3) Chip designer Arm is going public with its IPO on the Nasdaq, priced at $51 per share; 4) Citigroup CEO Jane Fraser announced a reorganization to cut down management layers and speed up decisions, with job cuts expected; 5) Google is cutting hundreds of jobs from its recruiting organization as part of a broader pullback in hiring over the next several quarters.