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Futures a bit higher following yesterday's rally


Stock futures are trading a bit above fair value following yesterday's big rally. There is little scheduled for release from the economic calendar so investors will be entirely focused on earnings reports and conference calls from several of the country's largest companies, including Dow components General Electric (GE) and Honeywell (HON). In early pre-market trading, Dow futures are 30 points above fair value, Nasdaq futures are 13 points above fair value and S&P futures are 4 points above fair value.

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