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US Futures Mostly Higher Amid Earnings Deluge

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U.S. stock futures were mostly higher on Thursday as the market focuses on the battery of corporate earnings, including results from automakers Ford and Fiat Chrysler.

Oil prices nudged higher with global benchmark Brent Crude up 0.58% recently and U.S. benchmark West Texas Intermediate up 0.36% despite another big jump in U.S. stockpiles as the commodity found some support from a weakening dollar.

At 8:30 a.m., data are expected to show trade deficit of $65.5 billion in December, compared to a revised figure for November of $65.6 billion. Unemployment claims are seen rising to the 246,000 level in the Jan. 21 week from the prior week's 234,000, according to data compiled by Econoday.

At 10:00 a.m., new home sales are expected to inch higher in December at 593,000 from 592,000. Leading economic indicators are expected to bounce higher in December with a 0.4% gain.

In equities, Sherwin-Williams ( SHW ) shares were 5.9% higher after the manufacturer of coatings and paints reported Q4 financial results that topped analyst 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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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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