MARKET PULSE-J.C. Penney, Eli Lilly, Whirlpool, Microsoft, Xerox
Aug 13 (Reuters) - Some U.S. stocks to watch on Tuesday:
FUTURES RISE AHEAD OF RETAIL DATA, J.C. PENNEY UP EARLY
U.S. stock index futures rose, indicating a rebound as investors looked ahead to the latest economic data and sought bargains following an extended period of weakness.
S&P 500 futures rose 3.3 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 39 points and Nasdaq 100 futures rose 7 points.
** J.C. PENNEY CO, Monday close $13.17, up 1.6 pct premarket
J.C. Penney said activist investor Bill Ackman had resigned from the board, three years after embarking on a public and at times acrimonious campaign to turn around the struggling department store operator and less than a week after demanding the ouster of its chairman and chief executive. Continued...