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Wall street set to open higher on upbeat GDP report

FXStreet (Mumbai) - The action in the US index futures indicates that the US stocks are set to open higher and extend gain after the release of a surprisingly strong Q3 GDP report.

At the time of writing, the DJIA December futures trade 0.21% higher, while the S&P 500 December futures trade 0.18% higher. The mid-cap Russell 2000 futures are up 0.19%, while the NASDAQ futures trade 0.20% in green. Meanwhile, the major European indices have extended their gains. The DAX has surged up by 1.3%, while the Cac is up by 0.8%. The London’s Ftse index trades higher by 0.20%.

The US index futures gained strength after the second estimate of the US Q3 GDP report surpassed market expectations by a big margin to come-in at 3.9%. The stocks may extend gains as the Conference Board is scheduled to release a separate report, which is likely to show consumer confidence index to climb to 96.5 in November after jumping to 94.5 in October.

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