Wall Street little
changed ahead of data; Barclays lawsuit in focus
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[June 26, 2014]
NEW YORK (Reuters) - Stock
futures were little changed on Thursday after Wall
Street snapped a two-day losing streak, with the
market's focus on a batch of economic data including
weekly jobless claims.
* Weekly jobless claims data is due at 8:30 a.m. ET. A Reuters
survey of analysts expect a reading of 310,000, slightly down from
the previous week's 312,000.
* Personal income and spending data is also due at 8:30 a.m ET.
* Alcoa Inc <AA.N> has agreed to buy aircraft parts maker Firth
Rixson from private equity firm Oak Hill Capital Partners for $2.85
billion in cash and stock. Alcoa shares were up 2.5 percent in
* Accenture Plc <ACN.N>, a consulting and outsourcing company,
reported a 7.5 percent rise in quarterly net revenue, led by faster
growth in its consulting business. The stock was down 0.1 percent in
* Shares of the wearable sports camera maker GoPro <GPRO.O> will
debut on the Nasdaq after 17.8 million class A shares priced at $24
per share, top end of the expected price range of $21-$24. The IPO
raised about $427.2 million.
* S&P 500 e-mini futures <ESc1> were down 1 point and in line with
fair value - a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the contract -
indicated a flat open. Dow Jones industrial average e-mini futures
<1YMc1> fell 4 points while Nasdaq 100 e-mini futures <NQc1> added 1
* U.S.-listed shares of Barclays PLC <BCS.N> fell 5 percent in
premarket trade after the New York State's attorney general filed a
securities fraud lawsuit against the British bank. The bank is being
accused giving an unfair edge in the United States to high-frequency
trading clients even as it claimed to be protecting other customers
from such traders.
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* European stocks inched up on Thursday, halting the previous
session's sell-off, but Barclays <BARC.L> led falls in banking
shares. The European banking sector index <.SX7P> shed 0.6 percent.
* On Wednesday U.S. stocks rose, led by drugmakers, while a Supreme
Court ruling lifted the shares of major broadcasters. But the S&P
500's gains followed two days of losses, putting the index on track
for a decline of 0.2 percent for the week.
(Reporting by Angela Moon; Editing by Chizu Nomiyama)
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