REFILE-US STOCKS-Wall St set for flat open after claims data; Yellen due
(Adds dropped word in headline)
* Yellen to testify before Senate Budget Committee
* Priceline, Tesla drop after results, outlook
* Futures: Dow up 12 pts, S&P off 2 pts, Nasdaq off 11.25 pts
By Chuck Mikolajczak
NEW YORK, May 8 (Reuters) - U.S. stocks were set to open little changed on Thursday, after initial jobless claims data pointed to a possible strengthening in the labor market and ahead of testimony by Federal Reserve Chair Janet Yellen.
* Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 319,000 for the week ended May 3, snapping three weeks of declines. Economists polled by Reuters had forecast first-time applications for jobless benefits to fall to 325,000 last week.
* Fed Chair Yellen is set to testify on the economic outlook before the Senate Budget Committee at 9:30 a.m. EDT (1330 GMT). On Wednesday, Yellen said a slumping housing market and geopolitical tensions risk undermining the U.S. economy and bear close watching by the Federal Reserve in testimony to the Joint Economic Committee.
* Investors continued to monitor the situation in Ukraine, which remained unstable. A Kremlin spokesman said Russia needed more information and additional analysis after pro-Moscow rebels in eastern Ukraine snubbed President Vladimir Putin and said they would go ahead with a secession referendum planned for Sunday. Continuación...