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It's been a long week on Wall Street, full of economic data. Today's no exception with the

GDP

(

definition |

chart |

source

) and

existing home sales

(

definition |

chart |

source

) reports taking center stage. Both economic releases have the potential to shake up the market.

Futures were lately showing signs of a green opening.

S&P 500 futures on

Globex

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TheStreet Recommends

lately were up 3 to 1518.20, about 5 points above fair value as calculated by

Prudential Securities

.

Nasdaq 100

futures were up 12 to 3977, about 12 points above fair value as calculated by

TheStreet.com

.

In preopen trading on

Instinet

,

Razorfish

(RAZF)

was fetching a bid of 13 3/4, down from Thursday's closing price of 14 9/16. After the closing bell, the company announced that its president will leave the company. Also,

Texas Instruments

(TXN) - Get Texas Instruments Incorporated Report

closed its acquisition of

Burr-Brown

(BBRC)

and was lately receiving bids of 67 1/2, down from its closing price of 69 5/8.

In other moves on Instinet,

Yahoo!

(YHOO)

was up 3/16, trading at 140, and

StemCells

(STEM)

was lately off 21/32 to 9.

Europe's major indices were higher at midsession, with France's

CAC 40

up 2.1%, Germany's

Xetra Dax

up 1.1% and the U.K.'s

FTSE 100

up 0.6%. Japan's

Nikkei 225

rallied, ending 1.4% higher overnight, while Hong Kong's

Hang Seng

fell 1.2% (see today's

Asian Markets Update for more).

For Thursday's postclose trading, see The Night Watch.