US STOCKS-Futures imply flat open at 5-year highs

Tue Jan 22, 2013 9:08am EST
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* DuPont revenues beat expectations, Verizon hit by Sandy losses

* Google and Texas Instruments to report late on Tuesday

* U.S. shares of RIM surge in premarket after CEO comments

* Obama begins second term, outlines aggressive agenda

* Futures: Dow down 18 pts, S&P down 1.4 pt, Nasdaq up 1.25 pt

By Ryan Vlastelica

NEW YORK, Jan 22 (Reuters) - U.S. stock index futures pointed to a flat open on Tuesday as investors held back from making large bets ahead of a busy week for corporate earnings and after recently notching five-year highs.

Both the Dow and S&P 500 closed at their highest levels so far in this earnings season, with the gains largely coming on better-than-expected results. But despite bullish statements from major companies, including big banks, many investors are worried other reports will reflect economic uncertainty in the fourth quarter.

"The market has been pleased with earnings thus far, and it is encouraging to see a cyclical company like DuPont show revenue strength, but I'm waiting on more tech and energy earnings until I come down one way or the other on this season," said Adam Sarhan, chief executive of Sarhan Capital in New York.   Continued...