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Re: RULiquid post# 601560

Tuesday, 07/22/2014 6:50:51 AM

Tuesday, July 22, 2014 6:50:51 AM

Post# of 640599
U.S. stocks: Futures climb ahead inflation data, Apple
Stocks set to rebound after geopolitical-driven decline

LONDON (MarketWatch) — U.S. stock futures indicated a slightly higher open on Wall Street on Tuesday, ahead of inflation and housing data. Prominent earnings reports from Coca-Cola Co. and McDonald’s Corp. will come premarket, with Apple Inc. reporting after the closing bell.

Futures for the Dow Jones Industrial Average (CBE:DJU4) rose 26 points, or 0.2%, to 17,009, while those for the S&P 500 index (GLC:SPU4) picked up 2.90 points, or 0.2%, to 1,969.20. Futures for the Nasdaq 100 index (GLC:NDU4) climbed 7.75 points, or 0.2%, to 3,933.50.

Investors are facing a busy day both on the data and the corporate front, with second-quarter results set to come through thick and fast.

The highlight among macroeconomic releases ia the June inflation report, due at 8:30 a.m. Eastern Time. It is forecast to show consumer prices rose 0.3% in June , slower than the 0.4% reported in May. Rising gasoline and food prices likely drove the expected increase in consumer prices, according to economic forecasts.

Later Tuesday morning, the National Association of Realtors will report on existing-home sales at 10 a.m. Eastern Time, and economists expect an annual rate of 5 million for June, compared with a 4.89 million pace in May. The FHFA house-price index is also due in the morning. http://www.marketwatch.com/story/us-stocks-futures-climb-ahead-of-inflation-data-apple-2014-07-22?dist=beforebell

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