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Futures lower but improved from earlier levels

Stock futures are pointing to a lower open to begin the week's trading, though they have improved from the levels seen earlier this morning. The focus for the week will be earnings, as the reporting season begins in earnest. Investors will also be watching the economic calendar today for reports on manufacturing and industrial production, both of which will be released prior to the open. In pre-market trading near 8 am ET, Dow futures are 4 points below fair value, Nasdaq futures are 5 points below fair value and S&P futures are 1 point below fair value.


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