Stocks set for a mildly higher open as all eyes on GDP

U.S. stocks are poised for mildly positive open Thursday morning following Wednesday's selloff as a result of a surprise decline in home sales. However, mood is bound to be affected by the release third quarter gross domestic at 8:30 a.m., an hour before the opening bell.

While economists look for GDP to show the economy grew 3.2 percent, ending a four-quarter streak of contraction and indicating the recession has ended, many worry about the strength of the recovery.

[Update 9:00 a.m.: The economy grew at a 3.5% pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. Futures got a boost from the reading.]

More here: Before the bell: Stock futures higher ahead of GDP data
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Markets

DJIA 21,998.99 5.28 0.02%
NASDAQ 6,333.01 -7.22 -0.11%
S&P 500 2,464.61 -1.23 -0.05%
NIKKEI 225 19,729.28 -24.03 -0.12%
HANG SENG 27,409.07 234.11 0.86%
DAX 12,284.33 107.29 0.88%
USD (per EUR) 1.17 0.00 -0.39%
USD (per CHF) 0.98 0.00 0.33%
JPY (per USD) 110.86 0.27 0.24%
GBP (per USD) 1.29 0.00 -0.10%

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