US STOCKS-Futures flat ahead of U.S. data flurry

Wed May 15, 2013 7:08am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Research in Motion falls after downgrade

* PPI, Empire State data on tap

* France enters shallow recession

* Futures: Dow up 8 pts, S&P off 0.2 pt, Nasdaq up 1 pt

By Chuck Mikolajczak

NEW YORK, May 15 (Reuters) - U.S. stock index futures were little changed on Wednesday, indicating the S&P 500 may hold near its most recent record high, ahead of data on inflation and manufacturing.

* Both the Dow Jones Industrial Average and the S&P 500 rallied to a fresh record high on Tuesday, buoyed by gains in large-cap shares on investor expectations central bank stimulus measures will continue to support further gains.

* The S&P 500 is up 15.7 percent for the year while the Dow has jumped 16.1 percent.

* Economic data expected at 8:30 a.m. includes the producer price index for April. Economists in a Reuters survey forecast a 0.6 percent drop, a repeat of the drop in March. Excluding volatile food and energy items, PPI is expected to rise 0.1 percent versus with a 0.2 percent increase in March.   Continued...