US STOCKS-Futures edge higher with tech shares in focus

viernes 21 de febrero de 2014 08:23 GYT
 

* Priceline and Hewlett-Packard both top expectations

* Groupon tumbles in premarket after forecasting loss

* Existing home sales data on tap, seen down 4.3 pct

* Futures up: Dow 36 pts, S&P 3.4 pts, Nasdaq 6.75

By Ryan Vlastelica

NEW YORK, Feb 21 (Reuters) - U.S. stock index futures rose on Friday, indicating that a rally that lifted the S&P 500 close to record levels in the previous session could continue, following some strong results from technology companies.

* Market participants are looking ahead to data on January existing home sales, due at 10:00 a.m. EST (1500 GMT), which will give the latest glimpse into how the economy is faring as the U.S. Federal Reserve dials back its stimulus. Sales are seen falling 4.3 percent.

* Recent economic data has been mixed, with many metrics - including housing starts on Wednesday - indicating softness, though analysts have largely shrugged that off, pinning the weakness to frigid weather rather than softening fundamentals. Thursday's rally was partially fueled by a bullish read on factory activity, which seemed to support that view.

* Tech shares will be in focus a day after both Hewlett Packard Co and Priceline.com Inc reported results that topped expectations. Computer maker HP also raised its 2014 profit view, sending shares up 1.5 percent to $30.63 in premarket trading.   Continuación...