Futures point to lower start on Wall Street
Stock index futures pointed to a mostly lower open for U.S. shares on Friday, following strong gains in the previous session, as a pledge by European leaders to support Greece eased worries about a crisis in the euro zone.
At 0931 GMT (4:31 a.m. EST), futures for the Dow Jones were flat; those for the S&P 500 and Nasdaq were down 0.1 percent.
The FTSEurofirst 300 <.FTEU3> index of leading European shares was up 0.8 percent at 998.38 points, gaining for a fifth day, with oils among the strongest performers. ENI
U.S. retail sales for January, due at 1330 GMT (8:30 a.m. EST), are likely to show weakness due to being held back by lower auto sales.
Core retail sales -- excluding autos, gasoline and building materials -- probably resumed their upward trend after stumbling in December. The median forecast for retail sales is for a rise of 0.3 percent after a fall of 0.3 percent in December.
Crude oil inventories probably rose last week as a rise in imports outweighed a slight gain in refinery demand, an expanded Reuters poll of 16 analysts showed. The data, delayed until Friday because of bad weather in Washington, is forecast to show a drop in distillate stocks, which include heating oil and diesel.
Ingersoll-Rand
American International Assurance, the Asian life insurance unit of AIG
Berkshire Hathaway
Trading on Wall Street may be subdued, ahead of a long weekend, with the markets closed on Monday for the Presidents' Day holiday.
On Thursday, U.S. stocks rose after a pledge by European leaders to support debt-laden Greece eased fears of a broader euro zone crisis and upbeat data from China spurred mining and material stocks. The Dow Jones industrial average rose 1.1 percent; the S&P 500 gained 1 percent; the Nasdaq Composite Index added 1.4 percent.
Cephalon
(Reporting by Brian Gorman; Editing by Hans Peters)
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