US STOCKS-Futures dip ahead of housing data, Fed minutes

miércoles 19 de febrero de 2014 09:14 GYT
 

* Housing starts, Fed minutes on tap

* Tesla to report earnings after the close

* Futures down: Dow 6 pts, S&P 6 pts, Nasdaq 8.25 pts

NEW YORK, Feb 19 (Reuters) - U.S. stock index futures fell on Wednesday on investor caution ahead of the release of housing data and minutes from the Federal Reserve's latest meeting of policymakers.

* Housing starts data, due at 8:30 a.m. EST (1330 GMT), will provide a glimpse into the possible impact of a severe U.S. winter on recent economic data. On Tuesday, data showed U.S. homebuilder confidence suffered its largest one-month drop ever in February, suggesting recent signs of weakness in the economy may reflect deeper problems than the winter's impact.

* At 2:00 p.m. EST, the U.S. central bank will release minutes of its January policy meeting, at which it decided to further trim its monthly bond buying program.

* Tesla shares were in focus after they hit an all-time high of $206.00 in the previous session. Shares of the company, which reports earnings after the close, were down 1.1 percent in premarket trading.

* S&P 500 e-mini futures fell 6 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 6 points and Nasdaq 100 futures lost 8.25 points.   Continuación...