U.S. Index Futures Little Changed With Equities at Record.

http://www.bloomberg.com/news/2014-11-10/u-s-index-futures-little-changed-with-equities-at-record.html

U.S. stock-index futures were little changed, after the Standard & Poor’s 500 Index posted a third weekly gain, as investors watched corporate results.

Futures on the S&P 500 expiring in December rose less than 0.1 percent to 2,027.4 at 10:18 a.m. in London. Dow Jones Industrial Average contracts added 17 points, or 0.1 percent, to 17,518 today.

“There is no downward pressure and people are waiting for another leg upwards,” Herbert Perus, who helps oversee $36 billion as head of equities at Raiffeisen Capital Management in Vienna, said in a phone interview. “One of the triggers could be the company news out this week with quarterly figures from Cisco and Wal-Mart.”

Sixteen companies on the S&P 500 report earnings this week, including Cisco Systems Inc. and Wal-Mart Stores Inc. Of those that have posted results so far, 80 percent beat estimates for profit and 60 percent topped sales estimates, according to data compiled by Bloomberg.

The S&P 500 (SPX) has rebounded 9.1 percent from a six-month low on Oct. 15 amid better-than-estimated company earnings and economic data. It closed at a record 2,031.92 on Nov. 7.

Groupon Inc., the online-discounts company, dropped 5.1 percent to $7.12 in early New Yorktrading.

Abercrombie & Fitch Co. (ANF) retreated 0.7 percent to $29.28 in German trading after Oppenheimer & Co. downgraded the shares to market perform, or hold, from outperform, or sell.

Conversant Inc. (CNVR) may move after posting third-quarter revenue and earnings that missed analysts’ estimates.