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Futures Head Upward Despite Impeachment

ACN

U.S. stock index futures were slightly higher Thursday morning.

Futures for the Dow Jones Industrials gained five points Thursday to 28,286

Futures for the S&P 500 sagged 2.5 points, or 0.1%, at 3,196.75.

Futures for the NASDAQ Composite lost four points, or 0.1% to 8,616.75.

In corporate news, Accenture, Darden Restaurants, and FactSet are among some of the companies set to report earnings before the opening bell. Nike, AAR and Scholastic will report their latest quarterly figures after market close.

On the data front, the latest weekly jobless claims figures, Philadelphia Fed manufacturing numbers for December, and third-quarter current account data will all be released at 8:30 a.m. ET. Existing home sales data for November and leading index figures for November will both be released slightly later in the session.

Market focus is largely attuned to political developments in Washington, after the Democrat-led House of Representatives voted to impeach President Donald Trump for abuse of power and obstruction of Congress.

Trump became only the third president to be charged with high crimes and misdemeanors and will now face a trial in the Republican-controlled Senate.

Market reaction has been relatively muted, as investors widely expect the Senate to vote against Trump's removal from office.

Overseas, in Japan, the Nikkei 225 slipped 0.3% Thursday, while in Hong Kong, the Hang Seng Index also lost 0.3%.

Oil prices sank 14 cents at $60.79 U.S. a barrel.

Gold prices slid 30 cents to $1,478.40 U.S. an ounce.



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