* JPMorgan profit jumps in quarter
* PPI, consumer sentiment data on tap
* Futures up: Dow 13 pts, S&P 1.1 pts, Nasdaq 4.25 pts
By Chuck Mikolajczak
NEW YORK, July 12 (Reuters) - U.S. stock index futures were
little changed Friday after stocks closed at fresh highs a day
earlier, in the wake of quarterly results from JPMorgan and
ahead of data on inflation and consumer sentiment.
The S&P 500 index and the Dow industrials
closed at record highs on Thursday, after Federal Reserve
Chairman Ben Bernanke said the U.S. central bank will keep
monetary policy loose for some time to lower the unemployment
"As far as today is concerned, the market is likely to try
to catch its breath after strong gains posted during the week,"
said Peter Cardillo, chief market economist at Rockwell Global
Capital in New York.
"Nonetheless, markets are still poised to close near their
records and I suspect they will maintain most of their gains."
JPMorgan Chase & Co, the largest U.S. bank by
assets, dipped 0.5 percent to $54.85 in premarket trading. The
bank reported a 31 percent jump in quarterly profit as trading
Shares of Wells Fargo & Co dipped 0.1 percent to
$41.85 in premarket trading after the fourth-largest U.S. bank
by assets reported its quarterly earnings.
The June Producer Price Index is due at 8:30 a.m. EDT (1230
GMT). Economists in a Reuters survey forecast a 0.5 percent rise
in PPI, with a 0.1 percent rise excluding volatile food and
The benchmark S&P index has risen 3.8 percent over the past
six sessions. That's its longest winning streak since early
March, when the index climbed for seven sessions on positive
data, hopes for rosy results and signals from the Fed that it
would continue to backstop the economy.
The Thomson Reuters/University of Michigan Surveys of
Consumers preliminary July consumer sentiment index is scheduled
for release at 9:55 a.m. (1355 GMT). Economists in a Reuters
survey expect a reading of 85.0 compared with 84.1 in the final
S&P 500 futures edged up 1.1 points 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 added
13 points, and Nasdaq 100 futures gained 4.25 points.
Analysts expect S&P 500 companies' second-quarter earnings
to have grown 2.5 percent from a year earlier, with revenue up
1.5 percent, according to Thomson Reuters data.
U.S.-listed shares of Infosys jumped 9 percent to
$45.61 in premarket trade after the company reported quarterly
results and maintained its revenue growth forecast.
Valero Energy Corp dipped 3.5 percent to $33.35
before the opening bell. The U.S. refining company said it
expects lower second-quarter earnings due to a rise in the price
of some of the crude oil it processes.
U.S. defense firm General Dynamics is in talks to
deliver battle tanks to Saudi Arabia, beating out German rival
Krauss-Maffei Wegmann for the lucrative deal, a German newspaper
European shares headed Friday for their best week since late
April, buoyed by central banks' commitment to stimulus.
Investors in Asian stocks turned cautious, even after a
record close on Wall Street, as markets braced for China's
second-quarter economic growth data on Monday that could show
weakness in the world's second-biggest economy.