US STOCKS-Futures little changed after selloff

lunes 13 de octubre de 2014 07:30 GYT

* Canadian Pacific approached CSX about merger -WSJ

* NetScout to buy Danaher's communications business

* Futures: Dow up 22 pts, S&P up 4 pts, Nasdaq down 1.5 pts

By Chuck Mikolajczak

NEW YORK, Oct 13 (Reuters) - U.S. stock index futures were little changed on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns.

* The benchmark S&P index slumped 3.1 percent last week to sit right at the 200-day moving average support level and is now down 5.2 percent from its record high set on Sept. 18. The declines were sparked by a cut in the global growth forecast from the International Monetary Fund and disappointing economy data in Europe.

* A serious slowdown in the global economy could lead the U.S. Federal Reserve to delay an increase in interest rates if deemed serious enough, Fed officials said over the weekend.

* Earnings season will pick up steam this week, with results expected from Dow components including Intel, Johnson & Johnson, UnitedHealth, American Express and General Electric as well as financials Morgan Stanley , Citigroup, Bank of America and Wells Fargo .   Continuación...