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Wednesday, December 22, 2010

Dow Futures Recoup Earlier Losses.

EDow Prepares Wall Street For Third Quater GDP;
Nov Home Sales Data
U.S. stock futures traded little changed on Wednesday, as investors awaited data on economic growth and existing home sales for more clues on the state of the recovery.

Futures on the Dow Jones Industrial Average DJH11 11,469, -2.00, -0.02%) were flat at 11,471 and S&P 500 index futures (SPH11 1,250, -0.30, -0.02%) were virtually unchanged at 1,250.80. Nasdaq 100 futures edged down 2 points to 2,233.20.

The third estimate of U.S. third-quarter gross domestic product is due at 8:30 a.m. Eastern time. The market expects annualized growth to be revised upward to 2.8%, up from a previous estimate of 2.5%.

After the market opens, at 10 a.m. Eastern, data on November existing home sales will be released.

EDow is Rock Steady

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