US STOCKS-Futures little changed on first day of month
* Futures up: Dow 21 pts, S&P 1.5 pts, Nasdaq 2 pts
By Tanya Agrawal
Aug 1 (Reuters) - U.S. stock index futures were little changed on Monday, the first trading day of the month, as the chances of a near-term U.S. interest rate hike faded.
* On Friday, the S&P 500 index hit a new record intra-day high for the seventh time in a month, while the Nasdaq ended July with a rise of 6.6 percent.
* Growth in U.S. gross domestic product in the second quarter came in below expectations, fueling arguments the Federal Reserve may not raise interest rates anytime soon.
* After the GDP numbers, the chance of a hike by the year end fell to about 33 percent, according to CME Fedwatch, down from about 50 percent early last week.
* Investors will continue keeping an eye on corporate results, where aggregate quarterly earnings of S&P 500 companies are now expected to fall 3 percent, compared with a 3.7 percent decline predicted earlier, according to Thomson Reuters I/B/E/S.
* Data expected on Monday include a forecast from the Institute for Supply Management for its national factory index, which is expected to be 53 in July, compared with 53.2 in June. A reading above 50 indicates expansion in the manufacturing sector. The data is due at 10 a.m. ET (1400 GMT).
* The monthly non-farm employment report is expected on Friday and the Bank of England meets on Thursday. Continuación...