US STOCKS-Wall St set to open flat after Tuesday's rally; Disney weighs

miércoles 11 de mayo de 2016 08:46 GYT
 

* Disney falls after results miss expectations

* Office Depot, Staples slump after calling off merger

* Futures down: Dow 30 pts, S&P 2 pts, Nasdaq 1.75 pts (Adds details, comments, updates prices)

By Tanya Agrawal

May 11 (Reuters) - Wall Street was set to open little changed on Wednesday, a day after S&P 500 enjoyed its best day in two months and as Dow component Walt Disney reported a rare earnings miss.

Disney shares were down 5.5 percent at $100.71 in premarket trading after the company's result missed expectations as advertising and subscriptions declined at ESPN.

On Tuesday, the S&P 500 and Dow Jones notched their biggest daily percentage gain since March 11 and the Nasdaq its biggest since April 13, helped by a jump in oil and a rally in Amazon .

"We are looking at a slightly lower opening today as we see a little bit of profit taking from yesterday's rally while Disney's earnings miss is certainly a factor," said Peter Cardillo, chief market economist at First Standard Financial in New York.

Dow e-minis were down 30 points, or 0.17 percent, with 26,997 contracts changing hands at 8:30 a.m. ET (1230 GMT).   Continuación...