US STOCKS-Futures rise, but focus still on Fed

martes 24 de mayo de 2016 07:30 GYT

* Futures up: Dow 52 pts, S&P 7.25 pts, Nasdaq 16 pts

By Tanya Agrawal

May 24 (Reuters) - U.S. stock index futures were higher on Tuesday even as investors continue to focus on the timing of future interest-rate hikes.

* Last week, investors were surprised at central bank minutes that opened the door to a rate hike as soon as June. Investors will listen for fresh clues to the Fed's intentions when Chair Janet Yellen speaks on Friday.

* Wall Street ended lower on Monday as a bounce in Apple failed to offset concerns that the Fed could raise interest rates sooner than later.

* Investors will be keeping an eye on economic data. New home sales, as measured by the U.S. Commerce Department, are expected to have increased 2 percent to a seasonally adjusted annual rate of 523,000 units in April. The data is expected at 10 a.m. ET (1400 GMT).

* The central bank has said it remains data dependent. A strengthening labor market and with inflation creeping towards the Fed's 2 percent target rate, traders are now pricing in a 30 percent chance of a June hike, up from 4 percent last week.

* Low borrowing costs have helped the stock market enact a spectacular bull run since the 2008 financial crisis. Still, the S&P 500 has gone an entire year without registering a new high.

* Oil fell for a fifth consecutive day on Tuesday on rising production from major exporters and as the dollar strengthened.   Continuación...