Stock
futures little changed as Yellen comments awaited
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[November 12, 2015] By
Abhiram Nandakumar
(Reuters) - U.S. stock index futures were
little changed on Thursday ahead of scheduled speeches by several
Federal Reserve policymakers, including Chair Janet Yellen, and weekly
jobless claims data.
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* Investors will parse the data and policymakers' remarks for clues
on if the central bank will raise interest rates next month, as is
widely expected.
* Yellen is scheduled speak at 9:30 a.m. ET. Chicago Fed President
Charles Evans, New York Fed President William Dudley and Fed Vice
Chair Stanley Fischer are also scheduled to speak during the day.
* The Fed has maintained that it is likely to pull the trigger next
month if data supports its view that the economy was strong enough
to withstand higher rates.
* In contrast, European Central Bank President Mario Draghi hinted
on Thursday that the bank could extend stimulus programs at its
policy meeting next month as inflation dynamics had somewhat
weakened.
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* U.S. data due on Thursday is expected to show jobless claims
benefits fell 6,000 to 270,000 last week, indicating continued
improvement in the labor market. The data is due at 8:30 a.m.
* U.S. stocks closed lower on Wednesday, weighed down by a slide in
energy stocks and brick-and-mortar retailers after Macy's weak
results and forecast.
* Department store operator Kohl's reported better-than-expected
quarterly net sales on Thursday, sending its shares up 9.13 percent
to $47.10 premarket.
* Advanced Auto Parts dropped 6.5 percent to $182 after it reported
quarterly profit below estimates.
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* PayPal's shares were down 1.2 percent at $35.90 after the Wall
Street Journal reported Apple was in talks with U.S. banks to
develop a rival payment service.
* Nordstrom and Cisco are slated to report results after the
close.
Futures snapshot at 7:28 a.m. ET:
* S&P 500 e-minis were unchanged, with 116,890 contracts traded.
* Nasdaq 100 e-minis were down 1 points, or 0.02 percent, on volume
of 20,292 contracts.
* Dow e-minis were down 18 points, or 0.1 percent, with 18,644
contracts changing hands.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Savio
D'Souza)
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