US STOCKS-Futures higher as Dow seeks to break 7-day losing streak

lunes 10 de agosto de 2015 07:17 GYT

* Futures up: Dow 44 pts, S&P 7 pts, Nasdaq 16 pts

By Tanya Agrawal

Aug 10 (Reuters) - U.S. stock index futures were higher on Monday as the quarterly earnings season winds down and poor data out of China boosted hopes for additional stimulus from Beijing.

* Chinese producer prices in July hit their lowest point since late 2009, while exports tumbled 8.3 percent, stoking expectations of more action from the central bank after months of intervention by authorities to tame its unruly stock market.

* U.S. stocks ended lower on Friday, with the Dow Jones industrial average closing down for the seventh straight day, after solid job growth data for July pried the door open a little wider for a potential interest rate hike by the Federal Reserve in September.

* The U.S. market has remained range-bound for much of 2015 in anticipation of the Fed's first rate hike in nearly 10 years.

* With 88 percent of S&P 500 companies having reported second-quarter results, aggregate profits are estimated to have increased 1.6 percent, while revenues are projected to have fallen 3.4 percent, according to Thomson Reuters data.

* With many U.S. companies boosting their earnings per share by cutting costs and buying back stock instead of by growing their businesses, stock valuations remain a concern. The S&P 500 trades at 16.6 times expected earnings, higher than its 10-year median of 14.7.

* Companies scheduled to report results today include Hertz Global Holdings, Rackspace Hosting, Shake Shack and Dean Foods.   Continuación...