Markets

Futures Continue to Grind Higher Ahead of Data, Shrugging off Weakness in Overseas Manufacturing

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Stock futures continue to grind higher with downbeat Chinese and European manufacturing data barely putting a dent in the bullish mood across Wall Street. This morning's gains, however, are modest into Thursday's deluge of key economic data that includes initial jobless claims, existing home sales and the purchasing manager's index on manufacturing. Analysts' forecasts for a slight decline in both home sales and manufacturing is behind the more cautious tone into the open, but a surprise in either to the upside will likely fuel a new record high in the S&P 500.

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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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