US STOCKS-Futures off ahead of service sector, trade data

martes 5 de mayo de 2015 07:31 GYT
 

* Futures off: Dow 22 pts, S&P 4 pts, Nasdaq 10 pts

By Tanya Agrawal

May 5 (Reuters) - U.S. stock index futures were lower on Tuesday ahead of another round of earnings reports and the release of key data that will show if economic growth is gaining pace after slowing in the first quarter.

* U.S. service sector activity is expected to have grown at a steady clip in April, but an expected widening of the nation's trade deficit in March on the back of a stronger dollar would serve as a reminder of the headwinds still facing the economy.

* The services gauge data is expected at 10 a.m. EDT (1400 GMT) and trade numbers at 8:30 a.m. EDT (1230 GMT).

* The latest batch of economic data comes a day after Chicago Fed President Charles Evans said rate hikes could begin this year without harming the recovery.

* Wall Street ended higher on Monday as corporate earnings came in better than feared.

* Of the S&P companies that have reported results so far, 68.1 percent have reported earnings above analysts' estimates, above the 63 percent that typically beat in a quarter. However, only 44.4 percent have beaten on revenue, below the typical 61 percent.

* Dow component Disney inched up 0.6 percent to $11.70 in premarket trading ahead of its results. News Corp and Groupon are scheduled to report after the close.   Continuación...