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[video] Market Hustle: Futures Rise Amid European Green Shoots

New YORK ( TheStreet) -- U.S. stock futures were pointing to little movement among major indices Wednesday after the Nasdaq closed above 4,000 yesterday while European markets were gaining on Germany's upbeat consumer confidence report and data showing that fewer U.S. residents filed for unemployment benefits than was projected.

Futures for the Dow Jones Industrial Average were up 21 points to 16081.0 while S&P 500 futures were rising 2 points to 1804.0. Nasdaq futures were up 5.70 points to 3453.0. 
 
A key measure of German consumer confidence hit its highest level since August 2007, fueling gains in emerging markets. British economic growth accelerated by 0.8% in the third quarter due mainly to a rise in household spending. The Japanese yen fell against other major currencies for the fifth consecutive day while the sterling rallied.

In domestic economic news, fewer U.S. residents filed jobless claims last week than expected - a sign of improvement in the labor market. Jobless claims for the week ending November 23 fell to 316,000 or the lowest in two months. Expectations were for 330,000 claims .

Durable-good orders fell in October, reflecting a hit to confidence from the government shutdown. Bookings fell 2 percent to match expectations after a 4.1% rise in September. Durable-goods orders are a leading indicator of industrial production and capital spending.
 
Stocks expected to see price action Wednesday include Hewlett-Packard (HPQ), which bested estimates with earnings of $1.01 a share on revenue of $29.1 billion late Tuesday. Its shares were jumping 6.42% to $26.70 in premarket trade.

The earnings calendar is light for Wednesday. 
 
Germany's DAX was rising 0.35% while the FTSE was up 0.12%. The Hang Seng closed up 0.53% while the Nikkei was down 0.42%. Oil futures for January were off 0.41 to $93.27. 

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