US STOCKS-Wall St set to open higher, S&P 500 near record

miércoles 26 de febrero de 2014 10:00 GYT

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

* Lowe's rallies in premarket after results

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

* Futures up: Dow 20 pts, S&P 2.3 pts, Nasdaq 5 pts

By Ryan Vlastelica

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

* While some positive results, including from Target Corp and Lowe's Cos Inc, supported individual shares, broader indexes struggled to break out of their recent trading range.

* The S&P 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.   Continuación...