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February 22, 2012 5:00 AM EST
U.S. stock index futures pointed to a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 down 0.1 percent, the Dow Jones futures flat and the Nasdaq 100 rising 0.1 percent.
The Mortgage Bankers Association releases at 1200 GMT the Weekly Mortgage Market Index for the week ended February 17. The mortgage market index read 801.8 and the refinancing index was 4,538.0 in the previous week.
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The Obama administration will propose slashing the top income tax rate for corporations to 28 percent from the current 35 percent as part of a corporate tax reform plan that is set to be announced on Wednesday, the Wall Street Journal said.
ICSC/Goldman Sachs release at 1245 GMT chain store sales for the week ended February 18. In the previous week, sales fell 2.0 percent.
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On the earnings front Hewlett-Packard will be in focus. The market expects a profit of 87 cents per share, down from $1.36 one year ago. Other companies announcing results included Express Scripts
A Shanghai court began hearing on Wednesday a case brought by a Chinese technology firm seeking to halt the sale of Apple's
Redbook Research releases at 1355 GMT its Retail Sales Index of department and chain store sales for February versus January. In the prior period, sales rose 1.3 percent.
The National Association of Realtors (NAR) releases at 1500 GMT existing home sales for January. Economists forecast a 4.65 million annualized unit total, versus 4.61 million in December.
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The FTSEurofirst 300 <.FTEU3> index of top European shares fell 0.5 percent on Wednesday on persistent concerns over Greece's ability to reform its economy.
Greece must complete a swap of private holdings of its debt as part of a 130-billion-euro EU/IMF bailout package by around March 10 at the latest, caretaker Prime Minister Lucas Papademos said on Tuesday.
On Tuesday the Dow Jones industrial average <.DJI> finished up 15.82 points, or 0.12 percent, at 12,965.69. The Standard & Poor's 500 Index <.SPX> was up 0.98 point, or 0.07 percent, at 1,362.21. The Nasdaq Composite Index <.IXIC> was down 3.21 points, or 0.11 percent, at 2,948.57.
(Reporting by Atul Prakash; Editing by Greg Mahlich)
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