US STOCKS-Futures tick lower; S&P 500 at closing record

martes 30 de diciembre de 2014 07:55 GYT

* Further upside seen as limited after recent gains

* Trading volume expected to be light in holiday week

* Investors looking to data on consumer confidence

* Futures down: Dow 25 pts, S&P 5.25 pts, Nasdaq 6.75 pts

By Ryan Vlastelica

NEW YORK, Dec 30 (Reuters) - U.S. stock index futures were slightly lower on Tuesday, suggesting the market's recent trend of slight moves and low volume would continue in the final trading days of the year.

* Equities have recently trended to the upside, buoyed by strong economic data and the U.S. Federal Reserve's commitment to be "patient" about raising interest rates. After the S&P 500 gained nearly 6 percent over the prior eight sessions, it notched its 53rd record close of the year on Monday, while the Dow just barely missed extending its streak of positive sessions to eight.

* The speed and scale of the rally could cap further upside, especially in a holiday week, when many market participants are out. Volume is expected to remain light, which could exacerbate volatility. The stock market will be closed on Thursday for New Year's Day.

* A pair of data releases could drive the day's trading. A measure of consumer confidence, which will be released at 10 a.m. (1500 GMT), is seen rising to 93 in December, from the previous reading of 88.7. Investors will also be paying attention to CaseShiller data on home prices, released at 9 a.m. Prices are seen up 0.4 percent in October.   Continuación...