[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.
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.
The earnings calendar is light for Wednesday.
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