US STOCKS-Futures dip, with Dow, S&P off closing records

Wed May 14, 2014 7:10am EDT
 
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* S&P 500, Dow coming off record closing highs

* Investors watch struggling small-cap index

* Fossil profit outlook well below expectations

* Futures down: Dow 9 pts, S&P 2 pts, Nasdaq 2.25 pts

By Ryan Vlastelica

NEW YORK, May 14 (Reuters) - U.S. stock index futures edged lower on Wednesday as investors found few reasons to keep pushing shares higher, with the Dow and S&P 500 both coming off record closing highs.

* The S&P rose above 1,900 for the first time on Tuesday, though it gave up some of its gains in afternoon trading to end barely higher for a third straight day.

* Investors are looking for fresh catalysts to keep the market's momentum going amid mixed reads on the economy from data and corporate earnings, as well as the ongoing threat that the tension between Russia and Ukraine could escalate into further violence.

* Small-cap shares have been in focus lately, with the Russell 2000 index down 1.1 percent on Tuesday, bucking the otherwise positive tone on the day. Some analysts are concerned that persistent weakness in small-caps could spread throughout the market.   Continued...