Stock futures are pointing to a modestly higher opening Thursday, as new reports on unemployment and durable goods orders are expected to show the economy is continuing its recovery.
Overseas markets rose. Asian markets rallied on expectations China will maintain loose monetary policy.
Investors are expecting the new data ahead of Thursday's abbreviated session to show the economy is rebounding. It comes a day after a disappointing report on sales of new homes in November renewed caution about the speed of the recovery.
Economists predict orders to U.S. factories for big-ticket manufactured goods rebounded in November, rising 0.5 percent, …
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