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Stock futures rise sharply, point to higher open

Stock futures rise sharply, point to higher open

Another expected round of upbeat economic reports in the U.S. and China's reassurance it will hold onto European debt is sending stock futures sharply higher.
Reports on weekly jobless claims and gross domestic product due out Thursday are expected to show the domestic economy is strengthening.
Asian markets rose overnight and European markets are also climbing.
The gains came after the agency that manages China's foreign reserves denied a report that it was considering cutting its exposure to European debt.
Dow Jones industrial average futures are up 198, or 2 percent, at 10,119. Standard & Poor's 500 index futures are up 25.90, or 2.4 percent, at 1,087.10, while Nasdaq 100 index futures are up 47.25, or 2.6 percent, at 1,838.75.


Updated : 2021-05-12 05:14 GMT+08:00