Futures flat, S&P on track for weekly drop
U.S. stock index futures were little changed on Friday after equities suffered their worst percentage drop in two weeks, with the S&P 500 on track for its first decline in the past six weeks.
* The benchmark S&P is down 0.8 percent for the week, and many investors were waiting for a further pullback after the index has risen 10.8 percent for the year and 26.7 percent from its October low.
* Factory data showing a slowdown in both the euro zone and China sent the S&P 500 lower on Thursday to its first close closed below 1,400 in six sessions.
* S&P 500 futures dipped 0.4 point and were slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 9 points, and Nasdaq 100 futures added 9.5 points.
* Economic data on tap for Friday includes new home sales for February at 10 a.m. EDT (1400 GMT). Economists in a Thomson Reuters survey forecast a total of 325,000 annualized units compared with 321,000 in January.
* Zynga Inc
* Sportswear retailer Nike Inc
* Jobs search website Monster Worldwide Inc
* European equities retreated further after four straight sessions of declines, stalked by concerns over the global growth outlook. <.EU>
* Asian shares fell after data showing shrinking factory activity in China and the euro zone heightened concerns about a slowdown in the global economy.
(Reporting By Chuck Mikolajczak; editing by Jeffrey Benkoe)
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