US STOCKS-Futures point to lower open; Dow, S&P off closing highs

Wed May 14, 2014 8:56am EDT
 
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* S&P 500, Dow coming off record closing highs

* Investors watch struggling small-cap index

* Deere falls in premarket after results, Macy's up

* Futures down: Dow 17 pts, S&P 3.6 pts, Nasdaq 7.75 pts (Adds results from Deere and Macy's, details on Yahoo, producer prices)

By Ryan Vlastelica

NEW YORK, May 14 (Reuters) - U.S. stock index futures pointed to a lower open 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 were looking for fresh catalysts to keep the market's momentum going amid mixed readings 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.

* Deere & Co shares fell 1.6 percent in premarket trading after the company cut its forecasts for full-year agricultural equipment sales even as it reported a better-than-expected quarterly profit. Macy's Inc rose 1.2 percent in premarket trading after it reported results and announced a dividend increase of 25 percent.   Continued...