* Futures: Dow up 2 pts, S&P down 0.25 pts, Nasdaq flat
By Yashaswini Swamynathan
July 15 (Reuters) - U.S. stock index futures were flat on Friday, a day after the S&P 500 hit another record and ahead of earnings reports from a slate of U.S. banks, including Citigroup and Wells Fargo.
* It remains to be seen if Citi and Wells Fargo are able to live up to expectations set by JPMorgan’s strong numbers on Thursday.
* JPMorgan’s results sparked a rally in financial stocks that powered the S&P to its fourth intraday high in a row and the Dow to its third.
* Shares of Citi and Wells Fargo, which are scheduled to report at 8:00 a.m. ET (1200 GMT), were down 0.3 and 1.2 percent, respectively, in light premarket trading.
* A host of strong economic data, easing political tension and accommodative monetary policy across the globe have helped the markets grind higher in the recent days.
* The three major Wall Street indexes are on track to mark their third straight week of gains. U.S. corporate reports will determine if the rally can be sustained, especially given the high valuations.
* While earnings of S&P 500 companies overall are expected to have fallen 5 percent in the second quarter, growth is expected throughout the remainder of the year.
* Data showed China’s economy grew faster than expected in the second quarter, but also pointed at potential risks later in the year.
* Closer home, a report at 8:30 a.m. ET is likely to show U.S. retail sales rose 0.1 percent in June, compared with a 0.5 percent increase in May.
* Another report, also at 8:30 a.m. ET, will show that the consumer price index rose 0.3 percent in June, after rising 0.2 percent in the previous month.
* Shares of travel operators and airlines dropped after an attack in Nice, France killed 84 people, sparking fears about travel to Europe.
* Priceline, Expedia and TripAdvisor were down 1-2 percent, while Delta, Southwest and United Continental were also down 1-2 percent.
Futures snapshot at 7:30 a.m. ET:
* Dow e-minis were up 2 points, or 0.01 percent, with 27,591 contracts changing hands.
* S&P 500 e-minis were down 0.25 points, or 0.01 percent, with 181,785 contracts traded.
* Nasdaq 100 e-minis remained unchanged, on volume of 17,739 contracts. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D‘Souza)