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Stock Futures Extend Gains Ahead of FOMC Minutes

U.S. stock futures are cautiously higher, underpinned by firmer oil prices and a modest correction in the dollar, along with the expectation that the minutes of the December Federal Open Market Committee meeting will help drive the Dow Jones Industrial Average back towards the 20,000 milestone.

Wall Street will be looking for confirmation that the decision by the Fed to raise interest rates last month was based on meaningful gains in the economy and expectations for fiscal programs to stimulate growth.

The FOMC minutes will be released at 2:00pm ET.

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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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