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* While shares could see some pressure following
weak results from Hewlett-Packard Co and Deere & Co, trading is
expected to be quiet, with some market participants already out
for the Thanksgiving holiday. The stock market will be closed on
Thursday and will close early on Friday.
* Market moves have been slight of late. Over the past 250
sessions, the S&P 500 has posted an average daily move of 15.8
points, which the benchmark index has not topped in any session
in November. The index's 14-day average move has dropped to
10.59 points from a high of 33.21 on Oct. 23.
* While this week's trend of below-average volume is expected to
continue, that thin action could amplify market moves if
economic data comes in much stronger or weaker than expected.
Both the Dow and S&P have hit a string of records of late, and
the S&P has risen in 12 of its last 15 sessions.
* Among the day's data, durable goods are seen down by 0.6
percent in October while weekly jobless claims fall by 3,000 to
288,000. Both reports will be released at 8:30 a.m. (1330 GMT).
* After the market opens, investors will look to the November
Chicago Purchasing Manager's Index, sales of new and pending
homes for October, and the final read on November consumer
sentiment from the Thomson Reuters/University of Michigan
Surveys of Consumers. Chicago PMI is seen falling to 63 from
66.2 while sentiment is expected to improve slightly.
* Hewlett-Packard fell 1.5 percent to $37.07 in premarket
trading a day after it said fourth-quarter revenue fell in
almost every business segment, highlighting weaknesses ahead of
the company's planned 2015 separation of its enterprise services
from its traditional computer and printing units.
* Deere fell 2.9 percent to $85.25 after the company forecast a
drop in equipment sales in the current quarter, hurt by lower
corn prices and falling farm incomes.
* Goldman Sachs Group Inc <GS.N>, along with platinum and
palladium dealers in Europe, has been sued in the United States
in what the plaintiff's law firm called the first nationwide
class action over alleged price-fixing of the metals.
Futures snapshot at 7:50:
* S&P 500 e-minis <ESc1> were up 0.75 point, or 0.04 percent,
with 81,780 contracts changing hands.
* Nasdaq 100 e-minis <NQc1> were up 4 points, or 0.09 percent,
in volume of 11,852 contracts.
* Dow e-minis <1YMc1> were up 2 points, or 0.01 percent, with
11,757 contracts changing hands.
(Editing by Chizu Nomiyama)
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