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*
The European Central Bank will meet later in the day and are
expected to ease its funding squeeze on shuttered Greek banks.
* Netflix's shares jumped 11 percent to $109 premarket a day
after the company added nearly a third more subscribers than
expected in the second quarter.
* Intel rose 2.9 percent to $30.55 a day after it reported
better-than-expected quarterly results.
* Goldman Sachs and Citigroup are expected to report results a
day after Bank of America and U.S. Bancorp posted strong
results. Financial companies are expected to get a boost if the
Federal Reserve raises interest rates this year as expected.
* Fed Chair Janet Yellen said on Wednesday that rates will be
raised this year, but did not give clues about the timing or
pace of a hike. She continues her congressional testimony on
Thursday.
* Corporate America is expected to report its worst sales
decline in nearly six years for the second quarter, while profit
is expected to have fallen 2.9 percent, according to Thomson
Reuters estimates.
* Dow component UnitedHealth Group rose 2.5 percent to $129
after the largest U.S. health insurer reported a higher
quarterly profit as enrollments increased.
* EBay is also scheduled to report before the bell. Mattel
and Google report after markets close.
* Initial claims for state unemployment benefits are likely to
fall 12,000 last week to a seasonally adjusted 285,000. The data
is expected at 8:30 a.m. ET.
(Editing by Savio D'Souza)
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