US STOCKS-Futures little changed ahead of bank earnings week

lunes 12 de octubre de 2015 09:04 GYT
 

* EMC shares rise after Dell offer

* Eli Lilly sinks after experimental heart drug scrapped

* Futures: Dow down 4 pts, S&P down 1.5 pts, Nasdaq up 7 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

Oct 12 (Reuters) - Wall Street was set to open little changed on Monday as investors braced for quarterly results from major U.S. banks and several Dow 30 companies this week.

Technology stocks will be in focus after Dell's $67 billion deal to buy data storage company EMC in the largest acquisition ever in the tech sector.

EMC's shares were up 4.9 percent at $29.20. VMware, which is majority owned by EMC, fell 4.3 percent to $75.25.

JPMorgan kicks off bank earnings on Tuesday, with Goldman Sachs, Bank of America, Wells Fargo and Citigroup reporting through the week.

Financial companies are expected to show earnings growth of 8.4 percent, down from the 14.8 percent expected at the start of the third quarter.   Continuación...