U.S. Stocks are starting off Thursday's trading a bit shaky after both the U.S. and the European Union announced a new round of sanctions on Russia late Wednesday. The penalties are against companies that destabilize Ukraine. In the housing space, home Foreclosures in June fell to their lowest level in 8 years, that's before the housing bubble burst. Microsoft (MSFT) shares are moving higher after the tech giant said it would cut 18,000 jobs over the next year. Both Morgan Stanley (MS) and UnitedHealth (UNH) reported better than expected earnings. More big names are set to report today. Earnings numbers from Google (GOOG) and IBM (IBM) will be out after the closing bell. TheStreet's Susannah Lee reports from Wall Street.