Bond yields fell and stock futures traded higher after Chinese officials denied plans to ditch US Treasury purchases and Delta Airlines ( DAL ) kicked off Q4 earnings season with better-than-expected results.
Nasdaq futures are taking the lead, putting the index within striking distance of another record high, while the Dow and S&P 500 should also flirt with new records on gains in the energy and banking sector.
Coming up at 8:30am ET is the weekly jobless claims data, expected to decline 5,000 in the latest survey week, as well as the December producer price index. The nominal and core indices are both expected to have increased by 0.2%.
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