US STOCKS-Futures slightly higher, investors await flurry of data

miércoles 26 de noviembre de 2014 08:02 GYT
 

* HP shares fall in premarket after results late Tuesday

* Markets will be closed Thursday for Thanksgiving holiday

* Futures up: Dow 15 pts, S&P 2.25 pts, Nasdaq 7.5 pts

By Ryan Vlastelica

NEW YORK, Nov 26 (Reuters) - U.S. stock index futures were very slightly higher on Wednesday as investors looked ahead to a flurry of economic data that will be released throughout the morning, which could indicate whether the market's record levels are justified.

* While tech shares could see some pressure following weak results from Hewlett-Packard Co, trading is expected to be quiet, with some market participants already out for the Thanksgiving holiday. The stock market will be closed on Thursday and will close early on Friday.

* Market moves have been slight of late. Over the past 250 sessions, the S&P 500 has posted an average daily move of 15.8 points, which the benchmark index has not topped in any session in November. The index's 14-day average move has dropped to 10.59 points from a high of 33.21 on Oct. 23.

* While this week's trend of below-average volume is expected to continue, that thin action could amplify market moves if economic data comes in much stronger or weaker than expected. Both the Dow and S&P have hit a string of records of late, and the S&P has risen in 12 of its last 15 sessions.

* Among the day's data, durable goods are seen down by 0.6 percent in October while weekly jobless claims fall by 3,000 to 288,000. Both reports will be released at 8:30 a.m. (1330 GMT).   Continuación...