US STOCKS-Futures tread water after S&P, Nasdaq hit record highs

miércoles 10 de agosto de 2016 07:24 GYT
 

* Futures up: Dow 1 pts, S&P 1.25 pts, Nasdaq 1.5 pts

By Yashaswini Swamynathan

Aug 10 (Reuters) - U.S. stock index futures were little changed on Wednesday as investors paused after powering the S&P 500 and the Nasdaq to record intraday highs.

* The Nasdaq marked a new closing high on Tuesday, while the S&P notched its fourth record intraday high for the month.

* With the second-quarter earnings season winding down and no market-moving economic data scheduled for Wednesday, investors are looking for more catalysts to drive stocks higher.

* Of the 447 S&P 500 companies that have reported results so far, 70 percent have beaten earnings expectations, according to Thomson Reuters I/B/E/S.

* Oil prices fell about 1 percent on the possibility of more output from the U.S. and skepticism over the success of producers' talks to freeze output.

* The dollar index fell for the second straight day as weak U.S. productivity data on Tuesday somewhat dimmed the prospects of economic growth and would likely deter the Federal reserve from raising interest rates.

* Shares of Walt Disney fell 1.3 percent in premarket trading, after the company reported results overnight and bought a 33 percent stake in video-streaming firm BAMTech.   Continuación...