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5 Things You Must Know Before the Market Opens Wednesday

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Here are five things you must know for Wednesday, July 5:

1. -- U.S. stock futures were narrowly mixed on Wednesday, July 5, as tensions in Asia unsettled investors.

North Korea on Wednesday said that its intercontinental ballistic missile was able to carry a large nuclear warhead. The regime fired a missile into Japan's Exclusive Economic Zone early Tuesday. The U.S. Defense Department believes the missile could reach as far as Alaska and possibly other parts of the U.S. mainland.

In response, U.S. Secretary of State Rex Tillerson called the missile firing a "new escalation of threat" and the U.S. has called for an emergency meeting of the U.N. Council. The missile firing comes days before of a meeting of G20 leaders where a discussion of the proliferation of weapons in Pyongyang will be on the agenda.

The North Korea threat could prevent the Dow Jones Industrial Average from topping new records on Wednesday. The blue-chip index reached an intraday record in the shortened trading session on Monday, July 3. Markets were closed on Tuesday in honor of the July 4 holiday.

When traders get back to their desks on Wednesday, the focus likely will shift to U.S. jobs data, with the U.S. nonfarm payrolls report for June scheduled for release on Friday, July 7. The U.S. economy is forecast to have added 176,500 jobs in June, according to economists...