US STOCKS-Futures little changed after selloff; Ebola stocks jump

Mon Oct 13, 2014 8:40am EDT
 
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* Ebola plays jump after 1st person contracts disease in U.S.

* Futures: Dow up 30 pts, S&P up 5.5 pts, Nasdaq up 1 pt (Updates prices, adds premarket actives)

By Chuck Mikolajczak

NEW YORK, Oct 13 (Reuters) - U.S. stock index futures were little changed on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns.

The benchmark S&P index slumped 3.1 percent last week to sit right at the 200-day moving average support level and is now down 5.2 percent from its record high set on Sept. 18. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe.

A serious slowdown in the global economy could lead the U.S. Federal Reserve to delay an increase in interest rates if deemed serious enough, Fed officials said over the weekend.

Earnings season will pick up this week, with results expected from Dow components Intel, Johnson & Johnson , UnitedHealth, American Express and General Electric as well as financials Morgan Stanley , Citigroup, Bank of America and Wells Fargo .

Ebola-related stocks were among the most active in premarket trade after a Texas health worker became the first person in the United States to contract the virus. She had treated a Liberian who died of the disease in Dallas last week, raising concern about how U.S. medical guidelines were breached.   Continued...