US futures little changed

The US bourse is set to open higher as European leaders get ready to meet.

The US bourse is set to open higher as European leaders get ready to meet.

Published Nov 14, 2014

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New York - US stock index futures were little changed on Friday, with the S&P on track for a fourth straight weekly advance, ahead of data on consumer sentiment.

* The Dow industrials closed at a record high on Thursday, boosted by gains in Wal-Mart, but the S&P 500 was little changed as energy shares tracked crude futures prices lower.

* Investors will eye October retail sales data at 8:30 am EST (14:30 SA time).

Expectations call for a 0.2 percent rise versus the 0.3 decline in the prior month.

Also due at 8:30 am is data on import prices.

* The Thomson Reuters/University of Michigan preliminary November reading on consumer sentiment is expected later in the session at 9:55 am (15:55 SA time).

Expectations call for a reading of 87.5 versus the final October reading of 86.9.

* The S&P 500 is up 0.4 percent for the week and has rallied 9.5 percent from a six-month low in October, buoyed by supportive economic data and corporate earnings. For the year so far, it is up 10.3 percent.

* Baker Hughes gained 3.5 percent to $60.80 (R682) in premarket trade after the oilfield services company said it is in preliminary merger talks with its larger rival Halliburton.

* Geron surged 46.3 percent to $3.38 before the opening bell after it licensed its cancer compound to a Johnson & Johnson unit for up to $935 million.

* In Europe, FTSEurofirst 300 declined after growth data showed regional economies continue to struggle.

Asian stocks fell following fresh signs of slowing Chinese growth.

 

* S&P 500 e-minis were up 0.25 point, or 0.01 percent, with 128 260 contracts changing hands.

* Nasdaq 100 e-minis were up 3.25 points, or 0.08 percent, in volume of 18 433 contracts.

* Dow e-minis were up 4 points, or 0.02 percent, with 21 513 contracts changing hands. - Reuters

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