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A futures contract is a type of derivative instrument, or financial contract, in which two parties agree to transact a set of financial instruments or physical commodities for future delivery at a particular price.
Stocks power higher in afternoon trading
The major U.S. indexes get a boost from a report showing that job losses slowed more than expected in August, boosting hopes that the economic recovery is still on track.
Read more on MarketWatch via Yahoo! Finance
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