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Wall Street stock futures trade sideways

Published: March 5, 2013 | 8:47 am
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U.S. stock futures were trading near the flat line on Tuesday morning.

The Dow Jones industrial average stock index lost 0.04% to 14,110, the Standard & Poor’s 500 index was unchanged at 1,525.70 and the Nasdaq 100 index was up 0.1% to 2,762.50.

On Monday, the Dow rose 0.3% to close at 14,127.82. The S&P 500 index rose 0.5% 1,525.20. The Nasdaq composite added 0.4% to 3,182.03.

Asian stock markets advanced Tuesday as investors registered approval for China’s spending priorities announced at its annual congress.

Markets in Hong Kong and mainland China drew encouragement from a speech by outgoing Premier Wen Jiabao and presentation of the country’s budget at the opening of the annual National People’s Congress, a largely ceremonial legislature.

Hong Kong’s Hang Seng rose 0.1% to 22,564.55. The mainland’s Shanghai Composite index gained 2.3% to 2,326.31. Japan’s Nikkei 225 index tacked on 0.3% to 11,683.45.

Markets across Europe were on the rise, with the benchmark Stoxx Europe 600 index up around 0.6%.

Benchmark oil for April delivery was up 20 cents to $90.32 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 56 cents to finish at $90.12 a barrel on the Nymex on Monday.

Associated Press

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