Stock futures little changed on caution as indexes near record
NEW YORK (Reuters) - U.S. stock index futures were little changed on Tuesday as investors hesitated to push the market higher, with major indexes near record levels.
Shares of Office Depot Inc jumped 8 percent in premarket trading even as it reported a quarterly loss and said it would shut at least 400 stores in the United States, hurt by competition from e-retailers, mass market chains and drugstores.
Apple Inc shares were likely to be in the spotlight after the stock traded above $600 for the first time since late 2012. Shares were up 0.1 percent in premarket trading.
Shares of Athenahealth Inc fell 11 percent in premarket trading, a day after hedge fund manager David Einhorn said his Greenlight Capital was betting against the company.
S&P 500 e-mini futures were up 0.5 point and were in line with fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones e-minis added 2 points and Nasdaq 100 e-minis added 1 point.
On the macroeconomic front, international trade data is due at 8:30 a.m. EDT (1230 GMT).
Senior management from U.S. drugmaker Pfizer and British pharmaceutical firm AstraZeneca will be called before a British parliamentary committee to answer questions on a potential takeover deal. Last week, AstraZeneca rejected a 63 billion-pound ($106 billion) bid from Pfizer, but the U.S. firm is expected to pursue its efforts to acquire Britain's second-largest pharmaceutical company.
U.S. stocks ended slightly higher on Monday as data showed strength in the services sector and Apple shares rallied, boosting the Nasdaq.
(Reporting by Angela Moon; Editing by Bernadette Baum)
