Stock futures edged higher before the open, pointing to a higher start.
On the economic front, the U.S. trade deficit widened in September by an unexpectedly large 18.2%, as oil prices rose for the seventh straight month and imports from China bounded higher. Separately, U.S. import prices rose for the third straight month, pushed up by a jump in the cost of fuel imports and the depreciating dollar. The Labor Department said import prices advanced 0.7% after a revised 0.2% increase in September.
At 9:55 am ET, the University of Michigan is out with its preliminary November read on consumer sentiment. Economists expect it to read 71.5, compared to the final October reading of 70.6.
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