MARKET PULSE-AutoNavi, McDonald's, Boardwalk Pipeline

Mon Feb 10, 2014 9:36am EST
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Feb 10 (Reuters) - U.S. stock index futures dipped on Monday, indicating the S&P 500 would retreat after its best two-day performance in four months, ahead of new Federal Reserve Chair Janet Yellen's first testimony before lawmakers on Tuesday. Dow Jones industrial average futures were down 0.04 percent at 15,733, S&P 500 futures were down 0.17 percent at 1,790.5 and Nasdaq 100 futures were up 0.04 percent at 3,559.25.

** MCDONALD'S CORP, Friday close $95.92, +0.08 pct premarket

The world's biggest restaurant chain by revenue on Monday reported better-than-expected global sales at established restaurants for January as gains in Europe and China helped the company offset a sharp decline in the United States.

Same-restaurnat sales, a closely watched gauge of performance, fell 3.3 percent in the United States, a deeper decline than the 1.6 percent drop that analysts expected. The company blamed the severe winter that hit large parts of the country.

** AUTONAVI HOLDINGS LTD, Friday close $16.54, +25.39 pct premarket

The Chinese digital mapping and navigation firm said it had received an offer to be taken private by major shareholder Alibaba Group Holding Ltd.