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Stock futures were little changed Thursday morning as Wall Street anxiously waits for the end of the holiday-shortened trading week and for a flood of new reports on the state of the economy.
As of 8.12pm (Malaysian Time) the Dow Jones Industrial Average futures rose 6 points to 11501, the Standard & Poor's 500 futures sank 0.20 points to 1234.30 and the Nasdaq 100 futures slipped 0.75 points to 2235.25.
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The data-heavy day comes as the bulls look to continue Wall Street's hot December, which has seen the S&P 500 and Nasdaq Composite rally for five straight days and the Dow land at levels unseen since August 2008.
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Likewise, the Commerce Department is scheduled to give an update on durable goods orders, which measure purchases of big-ticket items like refrigerators. Economists expect orders declined 1.1% in November, compared with a decline of 3.4% in October. Excluding transportation, orders are expected to rise 0.8%.
Also ahead of the open, the Labor Department is set to issue a new report on personal spending and income for November. Economists forecast spending rose 0.5% last month, building on October's 0.4% rise.
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Consumer discretionary stocks like Ford and Macy's could be influenced by the December University of Michigan/Reuters consumer sentiment report, which is expected to be revised up from 74.2 to 74.8.
Global Markets
The U.K.'s FTSE 100 rose 0.08% to 5988.51, France's CAC 40 slipped 0.26% to 3909.71 and Germany's DAX inched up 0.08% to 7073.44.
The U.K.'s FTSE 100 rose 0.08% to 5988.51, France's CAC 40 slipped 0.26% to 3909.71 and Germany's DAX inched up 0.08% to 7073.44.
In Asia, Tokyo's Nikkei 225 was closed for a holiday, Hong Kong's Hang Seng declined 0.62% to 22903.00 and China's Shanghai Composite lost 0.79% to 2855.22.
HAPPY TRADING
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