US STOCKS-Wall St to open flat ahead of Yellen testimony

martes 24 de febrero de 2015 09:49 GYT

* Yellen's two-day testimony before Congress to start at 10 a.m.

* Home Depot climbs in premarket after earnings, buyback

* Toll Brothers rises in premarket after results

* Futures: Dow up 21 pts, S&P off 0.25 pt, Nasdaq off 3 pts (Adds quote, updates prices)

By Chuck Mikolajczak

NEW YORK, Feb 24 (Reuters) - U.S. stocks were poised for a flat open on Tuesday, as the Dow and S&P 500 hold near record levels ahead of testimony by Federal Reserve Chair Janet Yellen and a flurry of economic data.

Yellen will give the central bank's semi-annual Monetary Policy Report to the Senate Banking Committee at 10 a.m. (1500 GMT), the first of her two days of testimony. Investors will attempt to parse her commentary for clues on the timing of an interest rate hike in the wake of the dovish Fed minutes released last week.

"It's a classic wait-and-see day," said Art Hogan, chief market strategist at Wunderlich Securities in New York.

"She's got a very difficult job of trying to talk Wall Street into the fact the January minutes weren't nearly as dovish as the Street interpreted them, and a June liftoff is still a credible possibility because we are data-dependent."   Continuación...