US STOCKS-Futures imply lower open, Priceline up on results

Fri Aug 9, 2013 8:55am EDT
 
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* Stock indexes poised for worst week since June

* Priceline gains on results, headed towards $1,000 a share

* BlackBerry open to going private, sources tell Reuters

* Futures down: Dow 40 pts, S&P 4.9 pts, Nasdaq 2 pts

By Ryan Vlastelica

NEW YORK, Aug 9 (Reuters) - U.S. stock index futures pointed to a lower open on Friday, putting major indexes on track for their worst week since June, as investors found few reasons to buy with equity prices near record levels.

Wall Street has struggled this week, notching small moves in light volume, as an absence of trading incentives kept buyers at bay. Comments from Federal Reserve officials, which underlined confusion over when the central bank's stimulus policy would start to slow, further added to uncertainty.

"We're in a very slow month, and profit taking is coming back into the market," said Adam Hewison, president and chief executive at INO Inc in Annapolis, Maryland. "We think the Dow could test 15,400, but the bull market is still intact and we should make another run at all-time highs soon."

In the latest comments from a Fed official, Richard Fisher, president of the Federal Reserve Bank of Dallas, reiterated that the central bank will probably begin cutting back on its massive bond-buying stimulus next month, as long as economic data continues to improve.   Continued...