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* The Chicago Purchasing Manager Index is due to
be released at 9:45 a.m. EDT (1345 GMT) and the National
Association of Realtors will publish its pending home sales
index at 10:00 a.m. (1400 GMT).
* With an abbreviated week due to the U.S. Independence Day
holiday on Friday and a ream of data due Wednesday and Thursday,
there may be increased volatility in a market that has been
frustratingly placid for some time.
* S&P 500 e-mini futures <ESc1> were down 2 points and fair
value - a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the contract
- indicated a slightly lower open. Dow Jones industrial average
e-mini futures <1YMc1> fell 24 points and Nasdaq 100 e-mini
futures <NQc1> lost 1 point.
* Barring a market slide on Monday, the S&P and Nasdaq will
close up for a sixth straight quarter. That's the longest streak
of quarterly advances for the Nasdaq since 2000, while for the
S&P, it's the best run of quarters since 1998. The Dow will
close its fifth higher quarter of the last six.
* U.S. regulators on Friday approved MannKind Corp's <MNKD.O>
inhaled insulin, saying the device offered a new treatment
option for patients with diabetes. MannKind shares jumped 12
percent in premarket trading.
* Markets will continue to keep an eye on the Middle East as
Iraqi troops battle for Tikrit after the leader of an al Qaeda
splinter group was declared caliph of a new Islamic state in
lands seized this month across a swathe of Iraq and Syria.
(Reporting by Rodrigo Campos; Editing by Bernadette Baum)
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