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Futures higher ahead of flood of data

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Photo -   Specialist Thomas Facchine, second from right, directs trades in Metro PCS at the close of trading on the floor of the New York Stock Exchange, Tuesday, April 30, 2013. Asian stock markets fell Wednesday May 1, 2013 in holiday-thinned trading after the pace of China's manufacturing growth slowed in April, raising fears of a weaker recovery in the world's second-largest economy. Shares in other regions were poised to post gains, however. (AP Photo/Richard Drew)
Specialist Thomas Facchine, second from right, directs trades in Metro PCS at the close of trading on the floor of the New York Stock Exchange, Tuesday, April 30, 2013. Asian stock markets fell Wednesday May 1, 2013 in holiday-thinned trading after the pace of China's manufacturing growth slowed in April, raising fears of a weaker recovery in the world's second-largest economy. Shares in other regions were poised to post gains, however. (AP Photo/Richard Drew)
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NEW YORK (AP) — U.S. stock futures are moving higher ahead of a flood of economic indicators and corporate earnings, with the Standard & Poor's 500 index set to test record highs again.

Dow Jones industrial futures are up 15 points to 14,788. The broader S&P futures have added 2.5 points to 1,594.70. Nasdaq futures are up 3.25 points to 2,883.25.

The government is releasing data on construction spending, the Institute for Supply Management issues its U.S. manufacturing index for April, car makers are expected to release the best April sales numbers since 2007 and payroll services provider ADP posts its latest jobs report.

And the U.S. Federal Reserve wraps up its two-day policy meeting with a news conference.

Also moving markets Wednesday will be quarterly earnings from Merck, Visa, MasterCard, Facebook and CBS.

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