US STOCKS-Futures edge lower, consumer data awaited

martes 24 de junio de 2014 07:17 GYT
 

* Micron falls in premarket despite bullish results

* Data on housing, consumer confidence on tap

* Futures down: Dow 23 pts, S&P 4.5 pts, Nasdaq 7.5 pts

By Ryan Vlastelica

NEW YORK, June 24 (Reuters) - U.S. stock index futures fell on Tuesday, suggesting investors continued to search for direction following a sharp rally that took indexes to records last week.

* Equities had a quiet session on Monday, with trading volume light and moves so slight the S&P 500 had one of its narrowest intraday trading ranges ever, according to MKM Partners. That came after a six-day rally on the S&P that ended Friday, its longest streak since mid-April.

* While Wall Street's trend upward was still viewed as intact, investors looked for fresh catalysts to justify more robust gains, and recent economic data has been mixed.

* The latest economic indicators could give the market direction, with the April Case-Shiller report on home prices scheduled for release at 9:00 a.m. EDT (1300 GMT) and data on both consumer confidence and home sales due at 10:00 a.m.

* Confidence is seen coming in at 83.5 in June, little changed from 83 in May, while new home sales are seen rising modestly in May; this follows Monday's much stronger-than-expected report on May existing home sales. Home prices, based on the S&P/Case-Shiller composite index, are seen up 0.8 percent in April.   Continuación...