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Stocks - U.S. Futures Flat as Trade News Dries up

Investing.com - U.S. futures were flat on Wednesday, with a dearth of news on the U.S-China trade front leaving market participants to concentrate largely on the day's earnings reports.

Nasdaq 100 were flat at 8,210.38 points by 6:56 AM ET (10:56 GMT), while Dow futures were at 27,422 points and S&P 500 futures remained at 3,071.38 points.

CVS Health (NYSE:CVS) jumped 3.6% in premarket data after its earnings and revenue beat forecasts. Other earnings due later include Qualcomm (NASDAQ:QCOM), Expedia (NASDAQ:EXPE), TripAdvisor, Fox Corp, and Papa John’s.

HP Inc (NYSE:HPQ) jumped 9.2% on reports that Xerox (NYSE:XRX) is considering a $27 billion takeover bid in a consolidation move in the face of falling demand for printed products.

Elsewhere, dating site owner Match tumbled 13.5% after giving weak guidance for the fourth quarter, while CenturyLink (NYSE:CTL) fell 3.4% after the network operator agreed to pay $400,000 to settle Federal Communications Commission violations over a 911 service outage.

Shale gas pioneer Chesapeake Energy (NYSE:CHK) bounced modestly after warning Tuesday that it may breach loan covenants, something that would threaten its viability as a going concern.

On the data front, industrial productivity figures for the third quarter are released at 9:30 AM ET on an otherwise quiet day.

In commodities, gold futures rose 0.3% to $1,487.45 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was down 0.2% to 97.660. Crude oil futures inched down 0.2% to $57.12 a barrel.

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