US STOCKS-Futures flat after Dow, S&P records; Yellen testimony continues

miércoles 25 de febrero de 2015 08:41 GYT

* HP drops in premarket after results, outlook

* Day two of Yellen testimony on deck

* New home sales data expected at 10 a.m.

* Futures off: Dow 8 pts, S&P 3.25 pts, Nasdaq 8.25 pts

By Chuck Mikolajczak

NEW YORK, Feb 25 (Reuters) - U.S. stock indexes were little changed on Wednesday, after the Dow and S&P 500 climbed to their latest records, before a second day of testimony from Federal Reserve Chair Janet Yellen and data on the housing market.

* The Fed chair told a congressional committee that the Fed is preparing to consider increases "on a meeting-by-meeting basis," a subtle change that helps to lay a foundation for the central bank's first rate hike since 2006, although the timing of the liftoff was still in question. Yellen's second day of testimony is set to begin at 10 a.m. (1500 GMT).

* Also due at 10 a.m. (1500 GMT) is new home sales data for January, with expectations calling for sales to dip slightly to a seasonally adjusted annual rate of 470,000 units after an unexpectedly strong 481,000 in December.

* Lowe' Companies advanced 2.8 percent to $76.75 before the opening bell after the home improvement retailer posted quarterly results, reported same-store sales well above analysts' estimates and forecast full-year sales above expectations.   Continuación...