US STOCKS-Futures flat as investors await flurry of data

miércoles 26 de noviembre de 2014 09:04 GYT
 

* HP shares fall in premarket after results late Tuesday

* Markets will be closed Thursday for Thanksgiving holiday

* Futures up: Dow 4 pts, S&P .75 pts, Nasdaq 4 pts (Adds Deere results)

By Ryan Vlastelica

NEW YORK, Nov 26 (Reuters) - U.S. stock index futures were flat 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 shares could see some pressure following weak results from Hewlett-Packard Co and Deere & 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...