US STOCKS-Futures edge higher, S&P 500 near record

miércoles 26 de febrero de 2014 08:07 GYT

* S&P 500 has been unable to close at a record this week

* Lowe's Cos rallies in premarket after results

* Jan new home sales data on tap, seen falling slightly

* Futures up: Dow 34 pts, S&P 4.7 pts, Nasdaq 4.25 pts

By Ryan Vlastelica

NEW YORK, Feb 26 (Reuters) - U.S. stock index futures edged higher on Wednesday, indicating the S&P 500 would again make a run at record levels that have been serving as resistance.

* The benchmark index hit an all-time intraday high on Monday, before shares lost ground and the S&P was unable to end at a record close. On Tuesday, indexes fluctuated between gains and losses throughout the day, ultimately ending lower after the S&P failed to break above Monday's record.

* The index is currently 0.7 percent below its all-time high, and advancing solidly beyond that may be difficult, given a dearth of positive catalysts. Recent economic data has come in below forecasts, and while many blame that on the impact of a harsh winter rather than worsening fundamentals, investors are looking for evidence the market's valuation is justified.

* The CBOE Volatility index, a measure of investor anxiety, has dropped for four straight sessions, dropping 11.8 percent over that period to extremely low levels.   Continuación...