US STOCKS-Wall St to rise at open, data cuts futures' gains

martes 28 de octubre de 2014 09:21 GYT

* Twitter falls after results; MSG jumps on possible split

* Capital goods orders post largest fall in eight months

* Two-day Fed meeting to begin; policy seen steady

* Futures up: Dow 46 pts, S&P 6 pts, Nasdaq 17 pts (Updates prices, adds data, comment)

By Rodrigo Campos

NEW YORK, Oct 28 (Reuters) - U.S. stocks were set to rise at the open on Tuesday even as weaker-than-expected data cut gains in equity futures and as the Federal Reserve prepared to begin a two-day meeting on monetary policy.

Futures reduced gains after data showed new orders for capital goods by U.S. businesses had recorded their biggest drop in eight months in September. U.S. single-family home prices rose in August on a year-over-year basis but fell short of expectations.

"Durable goods disappointed, and that points to cautious consumers and also that capital spending seems to have been missing again," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

"Earnings have been on the positive side," he added. "Investors continue to concentrate in basic fundamentals."   Continuación...