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US Equities Futures Point Up Ahead of Data, Thanksgiving Holiday

U.S. stock futures were slightly higher Wednesday as investors waited for data on jobless claims and consumer spending that will help shape the Federal Reserve's monetary policy makers' decision on interest rates when they meet next month.

US markets are closed Thursday for the Thanksgiving holiday and will close early Friday, at 1:00 p.m. E.T.

Among economic data out Wednesday, at 8:30 a.m., data for the week ended Nov. 21 are expected to show jobless claims edged down to 270,000 from 271,000 a week earlier, in the consensus range between 265,000 and 282,000, according to data compiled by Econoday.

Personal income data for October are expected to show a 0.4% increase from September while consumer spending is expected to have edged up 0.3%. In September, both rose 0.1%.

At 10:00 a.m., new home sales for October are expected to have increased to 499,000 from 468,000 in September, in the consensus range between 458,000 and 540,000.

In equities, Deere & Company ( DE ) shares rose more than 4% in recent pre-market trade after the maker of agriculture and turf equipment reported better-than-expected fiscal Q4 results.

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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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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