Index futures were slightly higher early Wednesday, following gains in Europe and Asia as European GDP fell less than expected and a Chinese official indicated that his country would invest more in Europe. In the U.S., manufacturing data out of New York state showed more strength than economists had expected — the gauge hit its highest level in more than a year.
More data ahead could also swing the market. Later this morning, industrial production data is set to be released and at 2 p.m., the Fed will release minutes of its January meeting.
Dow futures rose 42 points to 12,882; S&P 500 futures rose 5.1 points to 1,352.8.
Comcast (CMCSA) rose 6.5% on strong earnings. Online gaming company Zynga (ZNGA) fell 6.3% despite beating earnings expectations. Milk company Dean Foods (DF) jumped 10% after beating earnings expectations. The Hartford Group (HIG) insurance company rose 5.3% after receiving pressure from investor John Paulson to break up.
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