Flavin Nooney & Person Market Flash 11.14.14 Futures little changed ahead of data (Reuters) - U.S. stock index futures were little changed on Friday, with the S&P on track for a fourth straight weekly advance, ahead of data on consumer sentiment. * The Dow industrials closed at a record high on Thursday, boosted by gains in Wal-Mart, but the S&P 500 was little changed as energy shares tracked crude futures prices lower. * Investors will eye October retail sales data at 8:30 a.m. EST (1230 GMT). Expectations call for a 0.2 percent rise versus the 0.3 decline in the prior month. Also due at 8:30 a.m. is data on import prices. * The Thomson Reuters/University of Michigan preliminary November reading on consumer sentiment is expected later in the session at 9:55 a.m. (1355 GMT.) Expectations call for a reading of 87.5 versus the final October reading of 86.9. * The S&P 500 is up 0.4 percent for the week and has rallied 9.5 percent from a six-month low in October, buoyed by supportive economic data and corporate earnings. For the year so far, it is up 10.3 percent. * Baker Hughes (BHI.N) gained 3.5 percent to $60.80 in premarket trade after the oilfield services company said it is in preliminary merger talks with its larger rival Halliburton Co (HAL.N). * Geron Corp surged 46.3 percent to $3.38 before the opening bell after it licensed its cancer compound to a Johnson & Johnson (JNJ.N) unit for up to $935 million. * In Europe, FTSEurofirst 300 .FTEU3 declined after growth data showed regional economies continue to struggle. Asian stocks fell following fresh signs of slowing Chinese growth. [.EU] * S&P 500 e-minis ESc1 were up 0.25 point, or 0.01 percent, with 128,260 contracts changing hands. * Nasdaq 100 e-minis NQc1 were up 3.25 points, or 0.08 percent, in volume of 18,433 contracts. * Dow e-minis 1YMc1 were up 4 points, or 0.02 percent, with 21,513 contracts changing hands.
Posted on: Fri, 14 Nov 2014 13:11:46 +0000
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