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* The S&P 500 slumped for a fifth straight
session on Tuesday for its longest losing streak in 13 months as
oil prices slumped further and data showed slower growth in the
U.S. services sector in December.
* The benchmark S&P index has fallen 4.2 percent over the past
five days, as oil prices continue to decline and worries about
an election in Greece in about three weeks which may trigger its
exit from the euro zone.
* Payrolls processor ADP is scheduled to release its report on
private job growth at 8:15 a.m.. Expectations call for 226,000
jobs to be added versus the 208,000 in the prior month.
* Investors will scan the minutes from the Federal Open Market
Committee's Dec. 16-17 meeting at 2:00 p.m. for clues on the
timing of an interest rate hike. The central bank said it would
take a "patient" approach in deciding when to bump borrowing
costs higher at the meeting.
* Brent crude was off 0.7 percent but managed to recover
slightly after falling below $50 a barrel for the first time
since May 2009, and was last at $50.72. U.S. crude was last down
0.2 percent at $47.84 a barrel.
* J.C. Penney shares surged 18.6 percent to $7.78 in premarket
trade after the department store operator said same-store sales
rose 3.7 percent in November and December.
* Micron Technology shed 3.3 percent to $31.80 before the
opening bell after the memory chipmaker gave a quarterly revenue
forecast on Tuesday that missed Wall Street's expectations.
Futures snapshot at 7:31 a.m. EST:
* S&P 500 e-minis were up 12 points, or 0.6 percent, with
169,296 contracts changing hands.
* Nasdaq 100 e-minis were up 22.5 points, or 0.55 percent,
in volume of 29,366 contracts.
* Dow e-minis were up 94 points, or 0.54 percent, with
30,202 contracts changing hands.
(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)
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