US Futures are Higher as Technology Shares Rebound

US futures are higher as technology shares rebound.  In economic data, weekly jobless claims fell by 2k to 238K last week.  Personal income and spending rose in October by 0.4% and 0.3%, respectively.  At 9:45am, the Institute for Supply Management will update business conditions in the Chicago area with the release of November’s Chicago PMI.  European shares are higher with telecom stocks leading the way.  Asian shares closed mostly lower as technology shares followed the lead of US stocks.  China shares were also lower despite a better than expected manufacturing PMI report.

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