US STOCKS-Futures little changed before flurry of data

Wed May 15, 2013 7:59am EDT
 
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* Research in Motion falls after downgrade

* PPI, Empire State data on tap

* France enters shallow recession

* Futures off: Dow 3 pts, S&P off 1.2 pt, Nasdaq off 0.75 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 a glut of economic reports, including 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 equity market gains.

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

"We are in the best of all worlds right now - we have an economy that is running not too cold, not too hot, growing modestly," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.   Continued...