US STOCKS-Futures point to higher open after strong GDP data

martes 25 de noviembre de 2014 09:50 GYT

* S&P 500 has risen in 12 of past 14 sessions

* Futures add to gains after strong Q3 GDP read

* Tiffany up in premarket after results, Workday down

* Futures up: Dow 33 pts, S&P 3.25 pts, Nasdaq 9 pts (Adds GDP data)

By Ryan Vlastelica

NEW YORK, Nov 25 (Reuters) - U.S. stock index futures pointed to a higher open on Tuesday, indicating major indexes would push even further into record territory, following a reading on economic growth that was much stronger than expected.

The Commerce Department raised its estimate of third-quarter gross domestic product to a 3.9 percent annual pace from the 3.5 percent rate reported last month. The reading was also stronger than the 3.3 percent rate that had been expected, pointing to strengthening fundamentals that should support the economy for the rest of the year.

Equities have been strong of late. The S&P 500 is up for 12 of the past 14 sessions, and all three major indexes are coming off five-week streaks of gains. Both the Dow and S&P closed at records on Monday, and the S&P is up more than 13 percent from an intraday low in mid-October.

The speed of the rally could lead to profit-taking, and market moves may be amplified by the low volume expected this week, with some market participants out for the Thanksgiving holiday. The U.S. stock market will be closed on Thursday and will close early on Friday.   Continuación...