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Last updated: October 16. 2013 8:36AM - 215 Views
Associated Press



Trader Robert Charmak, left, works on the floor of the New York Stock Exchange Tuesday, Oct. 15, 2013. World stock markets fluctuated between gains and losses Wednesday Oct. 16, 2013 as a deadline for divided U.S. lawmakers to agree on a higher government borrowing limit drew ever closer. (AP Photo/Richard Drew)
Trader Robert Charmak, left, works on the floor of the New York Stock Exchange Tuesday, Oct. 15, 2013. World stock markets fluctuated between gains and losses Wednesday Oct. 16, 2013 as a deadline for divided U.S. lawmakers to agree on a higher government borrowing limit drew ever closer. (AP Photo/Richard Drew)
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(AP) U.S. stock futures are rising as strong corporate earnings and lingering hope for an eleventh-hour deal that will head off a government default.


Hurried negotiations in the Senate may lead to a vote Wednesday, one day before Treasury Secretary Jacob Lew says the government will be forced to pay bills only with the remaining cash on hand and incoming tax receipts.


Dow Jones industrial futures are up 65 points to 15,160. S&P futures have gained 6.5 points to 1,698.50. Nasdaq futures are up 8 points to 3,248.75.


Strong earnings are also giving futures a boost.


Bank of America, PepsiCo and the toymaker Mattel all topped Wall Street expectations before Wednesday's opening bell.


Also Wednesday, the Federal Reserve issues the Beige Book, its anecdotal snapshot of business conditions around the nation.


Associated Press
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