US STOCKS-Wall St to retreat from record highs at open

miércoles 12 de noviembre de 2014 10:05 GYT

* Macy's climbs after earnings

* BB&T to buy Susquehanna Bancshares for $2.5 bln

* Wholesale inventory data due

* Futures off: Dow 63 pts, S&P 6.75 pts, Nasdaq 11.25 pts (Adds quotes, updates prices)

By Chuck Mikolajczak

NEW YORK, Nov 12 (Reuters) - U.S. stocks were set for a lower open on Wednesday, putting major indexes on track to retreat a day after the Dow and S&P 500 closed at record highs for a fifth straight session.

Financial companies will be in focus after global regulators fined five major banks - including UBS AG , HSBC Holdings Plc and Citigroup Inc - $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup shares dipped 0.6 percent to $53.49 before the opening bell.

"The imposition of fines by the watchdog basically weighed on European bank stocks, and as a result the market is following suit here," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

"It's a market that could certainly use a little bit of a rest and a pullback, and that would be healthy from a technical aspect."   Continuación...