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Futures mixed after US default averted

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October 17, 2013 08:11 AM EST | AP


NEW YORK — NEW YORK (AP) — Stock futures are mixed after huge rally that followed an eleventh-hour deal to avert a default on U.S. debt.

Dow Jones industrial futures are down 33 points to 15,216. S&P futures have lost 1.9 points to 1,711.30. Nasdaq futures are up a half point to 3,264.50.

The deal reached in Congress Wednesday only allows the Treasury to borrow money through Feb. 7.

The Labor Department is expected to issue a weekly unemployment benefits report Thursday.

Economists forecast that applications fell sharply last week to a seasonally adjusted 342,000, according to a survey by FactSet. That would be down from 374,000 the previous week.

It's also a big day for corporate earnings, with UnitedHealth, Goldman Sachs, Verizon, Chipotle and Google reporting.