US STOCKS-Futures edge up after recent declines; data on tap

jueves 12 de marzo de 2015 07:49 GYT
 

* Wall St comes off extended decline

* Data on retail sales, jobless claims on tap

* Citigroup up in premarket after Fed review

* Futures up: Dow 45 pts, S&P 4.5 pts, Nasdaq 10 pts (Updates prices)

By Ryan Vlastelica

NEW YORK, March 12 (Reuters) - U.S. stock index futures edged higher on Thursday, suggesting a partial rebound following recent declines, as investors looked ahead to data for indications of how soon the Federal Reserve is likely to raise interest rates.

Wall Street has been on a downtrend of late, with the S&P 500 falling for eight of the past 11 sessions, shedding 3 percent over the past four sessions alone.

The weakness has largely been driven by concerns the Fed could raise rates as early as June. Last week's payroll report, which was much stronger than expected, solidified this view, as the central bank said it would begin raising rates when it deemed the economy strong enough to handle it.

While data on wage growth and inflation suggest the Fed could hold off raising rates past June, further signs of growing economic momentum could add to investor anxiety on the issue, even though stronger indicators are seen as more positive for the market in the long term. Higher rates tend to raise borrowing costs for companies and individuals and crimp spending.   Continuación...