US STOCKS-Futures rise ahead of Yellen's speech,

viernes 22 de mayo de 2015 07:30 GYT
 

* Futures up: Dow 14 pts, S&P 0.5 pts, Nasdaq 3.5 pts

By Tanya Agrawal

May 22 (Reuters) - U.S. stock index futures were higher on Friday, a day after the S&P 500 ended at an all-time high and ahead of Federal Reserve Chair Janet Yellen's take on the economy that investors will peruse for clues on the timing of a rate hike.

* Yellen's speech at 1:00 p.m. ET (1700 GMT) is expected to acknowledge the recent economic sluggishness, including near stagnant performance in the first few months of the year.

* Before Yellen takes the podium, data is expected to show that consumer prices rose for a third straight month in April, signaling a rise in inflation, which could keep the Fed on track to raise rates. The Consumer Price Index data is due at 8:30 a.m. ET (1230 GMT).

* The S&P 500 ended at 2,130.82 on Thursday, barely beating its previous record close of 2,129.2 from Monday.

* While the Dow and the S&P are near record levels this week, trading has stayed in a narrow range and volumes have been subdued as the quarterly earnings season draws to a close.

* Aeropostale slumped 22.8 percent to $2 in premarket trading after the teen apparel retailer estimated a bigger-than-expected quarterly loss.

* ELong soared 35.8 percent to $28.04 after Expedia said it sold its entire stake in the Chinese online travel company to rival Ctrip.com and others. Ctrip was up 4.9 percent at $75.50.   Continuación...