Wall Street set open higher as banks rise after Citi results

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Wall Street set open higher as banks rise after Citi results
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Stock futures slightly higher ahead of Citi results

Profits from S&P 500 companies is expected to dip 0.4% year-over-year, the first quarterly decline in three years, according to Refinitiv IBES data.

Also helping the mood was upbeat data out of China. Quarterly growth at the world’s second largest economy beat analysts’ forecasts, while June reports on industrial production, retail sales and urban investment were also well above expectations.

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