Futures
little changed ahead of data, Fed minutes
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[November 19, 2014]
NEW YORK (Reuters) - U.S. stock
index futures were little changed on Wednesday following record closing
highs for both the Dow and S&P 500 and ahead of housing data and minutes
from the most recent Federal Reserve policy meeting.
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* Data on housing starts and building permits for October is due at
8:30 a.m. EST (1330 GMT) while the Fed is set to publish minutes
from the Federal Open Market Committee's October policy meeting at
2:00 p.m. EST (1900 GMT).
* The minutes are expected to show the diverging path of the Fed
compared to other major central banks that are growing their
stimulus programs. This view has helped strengthen the U.S. dollar,
weighing on crude oil and other commodity prices.
* Lowe's <LOW.N> shares rose 4.5 percent in premarket trading after
the No. 2 U.S. home improvement products retailer raised its
full-year profit and sales forecast as an improving job market
encourages home owners to increase spending on renovations.
* Cliffs Natural Resources <CLF.N> said it was looking to exit its
Eastern Canadian iron ore operations, which may result in the
closure of its Bloom Lake mine in Quebec. Its shares fell 7.1
percent premarket.
* Dollar General <DG.N> may need to close more than 4,000 stores to
win approval from the U.S. Federal Trade Commission for its
acquisition of Family Dollar Stores <FDO.N>, the New York Post
reported citing two sources close to the situation.
Futures snapshot at 7:29 a.m. (1229 GMT):
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* S&P 500 e-minis remained unchanged, with 86,678 contracts changing
hands.
* Nasdaq 100 e-minis were up 2.5 points, or 0.06 percent, in volume
of 10,915 contracts.
* Dow e-minis <1YMc1> were up 1 point, or 0.01 percent, with 14,287
contracts changing hands.
(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)
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