US STOCKS-Wall Street set to open little changed after S&P record

miércoles 28 de mayo de 2014 09:14 GYT
 

* Toll Brothers, Michael Kors up after earnings; DSW drops

* S&P 500 aims for fifth straight day of gains

* Futures: Dow up 5 pts, S&P flat, Nasdaq down 2 pt (Updates prices)

By Rodrigo Campos

NEW YORK, May 28 (Reuters) - U.S. stocks were set to open little changed on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index.

* Investors' appetite for equities was supported by strong U.S. economic data and expectations of monetary easing by the European Central Bank, while the euro was seen weakening further from a 2-1/2 year high hit earlier this month and the U.S. 10-year yield touched its lowest since July, below 2.47 percent.

* Utilities and other dividend payers could get a bump among equities as downward pressure continues on fixed income yields.

* If the S&P 500 advances for a fifth straight day, it would be its second-longest run this year. The index closed at 1,911.91, in the 1,910 area seen as technical resistance. Support kicks in at 1,900 and then at the 14-day moving average, now near 1,887.

* Upbeat earnings from Toll Brothers could push homebuilders higher while retailer Michael Kors was little changed in premarket trading and DSW fell after posting results.   Continuación...