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US Stocks likely to open on a flat note

FXStreet (Mumbai) - The activity in the US index futures points to a flat opening on the Wall street today after the initial jobless claims rose more than expected while Durable goods orders ex-transportation contracted.

At the time of writing, the DJIA futures traded 0.06% lower, while the S&P futures traded 0.05% lower. The Mid-cap Russell 2000 futures traded 0.08% lower, while the NASDAQ futures traded marginally positive.

The index futures came under pressure after the jobless claims unexpectedly rose last week, rising above 300K for the first time since early September. Meanwhile,Durable goods orders ex-transportation declined more than expected. The data deluge continues in the day ahead with the November Chicago Purchasing Manager's Index, sales of new and pending homes for October, and the final reading of November consumer sentiment from the Thomson Reuters/University of Michigan Surveys of Consumer slated for release.

Earlier today, most of the Asian markets closed higher, with Chinese, Australian and Hong Kong markets registering gains. Meanwhile, European markets opened strong but failed to extend gains.

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