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Futures higher during year's final days of trading

Wednesday - 12/26/2012, 9:08am  ET

In this Thursday, Dec. 20, 2012 photo, people walk through the Fashion Island shopping center in Newport Beach, Calif. U.S. holiday retail sales this year are the weakest since 2008, after a shopping season disrupted by storms and rising uncertainty among consumers. A report out Tuesday, Dec. 25, 2012, that tracks spending, called MasterCard Advisors SpendingPulse, says holiday sales increased 0.7 percent. Analysts had expected sales to grow 3 to 4 percent. (AP Photo/Chris Carlson, File)

NEW YORK (AP) -- Stock futures are moving higher before the latest data is released on the housing market, one of the bright spots of the year with just a few trading days left.

Volume is extremely light Wednesday, because of the holidays and because markets are still seeking a resolution to the budget showdown in Washington.

Dow Jones industrial futures are up 20 points to 13,085. The broader S&P futures have added 2 points to 1,421.80. Nasdaq futures are up 3 points to 2,661.75.

Standard & Poor's/Case-Shiller issues its 20-city home-price index for October at 9 a.m. Eastern. Prices rose in most major U.S. cities in September, more evidence of a housing recovery that's providing a boost to the economy.

Still, another pillar of the economy, retail spending, is appearing weak this holiday.


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