Stock futures build on “cliff” rally ahead of data
NEW YORK (Reuters) – Stock futures advanced on Thursday, building on the previous session’s steep gains, on expectations of progress toward reaching a fiscal agreement in Washington. * Markets will continue to focus on discussions in Congress to avoid big spending cuts and tax hikes – dubbed the "fiscal cliff" – and equities may retreat, as they did Tuesday, if the upbeat negotiation environment in Washington shifts. * Investors await data, including the second estimate of third-quarter gross domestic product, due at 8:30 a. m. ET (1330 GMT). Economists in a Reuters survey forecast a 2. . . .
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