US STOCKS-Futures little changed after bruising week

lunes 16 de mayo de 2016 07:32 GYT
 

* Dow up 2 pts, S&P up 1.25 pts, Nasdaq down 0.5 pts

By Tanya Agrawal

May 16 (Reuters) - U.S. stock index futures were little changed on Monday following a bruising week that left the Dow and the S&P 500 lower for the third straight week.

* U.S. stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from retailers overshadowed upbeat April retail sales data.

* Data from China over the weekend was also tepid. April's retail sales, factory output and fixed-asset investment all fell short of forecasts by economists polled by Reuters.

* However, oil prices jumped over 2 percent to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

* Investors will also be keeping an eye on data scheduled to be released today. U.S. homebuilder sentiment likely rose a bit in May from April. NAHB Housing Market index is expected to have increased to 59 from 58 in April. The data is expected at 10 a.m. ET (1400 GMT).

* Manufacturing activity in New York State is expected to have dropped to 6.50 in May from 9.56 in April. The report is due at 8:30 a.m. ET,

* Investors have been keeping a sharp eye on data for clues regarding the path of interest rate increases. While some Federal Reserve officials have hinted at two rate hikes this year, traders are pricing in only one at the end of the year.   Continuación...