US STOCKS-Futures flat with S&P 500 near record levels

lunes 28 de julio de 2014 07:14 GYT

* Dollar Tree offers to buy Family Dollar for $9.2 bln

* June pending home sales on tap, seen rising 0.5 pct

* S&P 500 less than 1 percent from intraday record

* Futures down: Dow 8 pts, S&P 1.25 pt, Nasdaq 0.25 pt

By Ryan Vlastelica

NEW YORK, July 28 (Reuters) - U.S. stock index futures were little changed on Monday as investors looked ahead to the latest economic data and corporate earnings to give direction to a market near record levels.

* While merger and acquisition activity gave investors a reason to buy, there have been a number of high-profile earning disappointments this quarter, including from and Caterpillar. Those results have pointed to weak conditions for market-moving bellwethers, even as more companies than usual have beaten analyst expectations for both earnings and revenue this quarter.

* The S&P 500 ended at a record Thursday but fell on Friday, pressured by Amazon's and Visa Inc's weak results. The benchmark index is less than 1 percent from an all-time intraday record, and on Friday, found support at its 14-day moving average, suggesting a recent positive trend in equities remains intact.

* Dollar Tree Inc offered to buy Family Dollar Stores Inc for about $9.2 billion, or $74.50 per share in cash and stock. Shares of Family Dollar jumped 22 percent to $74 in light premarket trading while Dollar Tree was up 3.7 percent to $56.24.   Continuación...