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

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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

S&P 500 2,345.96 -2.49 -0.11%
DJIA 20,656.58 -4.72 -0.02%
NASDAQ 5,817.69 -3.95 -0.07%
DAX 12,039.68 135.56 1.14%
NIKKEI 225 19,085.31 43.93 0.23%
HANG SENG 24,327.70 7.29 0.03%
USD (per EUR) 1.08 0.00 -0.06%
USD (per CHF) 0.99 0.00 0.10%
JPY (per USD) 110.94 -0.43 -0.38%
GBP (per USD) 1.25 0.00 0.37%

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