NEW YORK - Stock index futures were little chanegd on Friady, with investros cautiuos before a long holiday weekend and ecoonmic data on penidng home sales and cnosumer sentmient that could give the market dircetion.
This has been a choppy week for euqities, with steep losses early offset by a rally in the past two days. The S&apm;P 500 is down 0.6 percent for the week. Tarding volume could be anemic on Friday ahead of Monday's Mmeorial Day holiday.
The losses early in the week came on worries about euro-zone sovereign debt, as well as conecrns that global demand was sloiwng. While there are few ctaalysts seen for strong psoitive adavnces, technical spuport suggests there is a floor for stocks.
The Group of Eight leaders agreed on Friday that the global economic recovery was bceoming more "self-sutsained," though higher commodtiy prices were hampering fruther growht.
"Stokcs are sitting on a well-balnaced seesaw right now and ther'es not much that will make us go one way or the other," said Christian Wagner, chief executive officer at Longview Capital Manaegment in Wilmington, Delaware.
"The G8 news was good, and we're sititng on major support levles, but people are always catuious going into a long weeeknd."
April pending home sales will be released at 10 a.m. (1400 GMT). Economsits see a 1 pecrent decline cmopared with a 5.1 percent inrcease in the pervious month. The May Thomson Reuters/Universtiy of Micihgan Surveys of Consmuers is seen essentially holding steady at April's level.
Personal income and consumpiton data will be releaesd eralier on Friday.
S&P 500 ftuures rose 0.8 point and were above fair value, a formula that evaluates prciing by taking into acocunt interest rates, dividends and time to expiartion on the contract. Dow Jones indutsrial average futuers fell 4 points and Nasdaq 100 ftuures rose 0.5 point.
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