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US Futures Mixed Amid Earnings, Data on Tap


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US stock futures were narrowly mixed on Wednesday as investors focused on more corporate earnings with few readings on the US economy on tap.

Oil prices nudged higher with global benchmark Brent Crude up 0.01%, and US crude West Texas Intermediate up 0.45% recently as Saudi Arabia pledged to offset any supply shortfalls and ahead of official data on US crude stockpiles.

At 9 am, data are expected to show the Federal Housing Finance Agency house price index gaining 0.3% for August versus July's 0.2%, according to data compiled by Econoday.

At 9:45 am, forecasters see little change in the PMI composite at 54.1 in October vs prior level of 53.4.

At 10 am, new homes sales are expected to hold steady and relatively solid at a 625,000 annualized rate in September vs August's 629,000 rate.

In equities, shares of STMicroelectronics ( STM ) were 10.6% lower pre-bell even after the semiconductor company reported Q3 financial results that topped Street estimates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks
Referenced Symbols: STM



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