US STOCKS-Wall St to open flat after largest selloff in three months

martes 6 de enero de 2015 10:14 GYT

* Futures: Dow up 7 pts, S&P flat, Nasdaq up 1 pt (Updates prices)

By Rodrigo Campos

NEW YORK Jan 6 (Reuters) - U.S. stock index futures edged higher on Tuesday following the largest losses on Wall Street since early October and ahead of a large data batch that will show the momentum of the U.S. economy at the end of last year.

Two separate readings on the U.S. services sector growth in December are due shortly after the opening bell. A gauge of durable goods and factory orders for November is due at 10 a.m. EST (1500 GMT), as well as an index of economic optimism for January.

The main headwinds for equities remain unresolved as crude prices continue to fall and an election in Greece, which may trigger its exit from the euro zone, is some three weeks ahead, said Art Hogan, chief market strategist at Wunderlich Securities in New York.

"That adds to the concern the euro zone is facing an economic slowdown and some of the weaker members have more debt than they can handle," said Hogan.

Speaking of the sharp decline in oil prices in recent months, Hogan said there is concern "there is something larger at play rather than just the market dynamic of oil.

"People think there must be a much larger global economic slowdown to cause this, and the reaction is to sell equities."

Crude oil prices continued to fall on Tuesday, with Brent down as much as 3.5 percent and U.S. crude down as much as 3.1 percent. Both were recently down more than 2 percent.   Continuación...