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US futures moving higher on strong US corporate earns and ahead of a slew of economic data
NEW YORK (AP) ¯¯¯ U.S. stock futures are heading higher with some positive numbers expected from the manufacturing, autos and construction sectors.
Dow Jones industrial futures are up 47 points to 12,996 and the broader S&P futures added 4.1 points at 1,378.70. Nasdaq futures are up 11 points at 2,647.50.
There are also some strong showings from U.S. corporations. Burger King's profit surged 60 percent in the second quarter because of international sales and Harley-Davidson says sales at home drove earnings up 30 percent. "Battleship" failed to sink Comcast's second-quarter earnings as strong results from cable operations overcame the box-office flop.
Later Wednesday, the Commerce Department is expected to report construction spending rose thanks to new home activity. Automakers are expected to post good numbers and manufacturing activity likely flattened after falling in June.