(Reuters) - Wall Street was set to open little changed on Wednesday as investors paused after powering the S&P 500 and the Nasdaq to record highs.þþþThe Nasdaq marked a new closing high on Tuesday, while the S&P notched its fourth record intraday high for the month. The Dow closed 0.4 percent shy of its all-time high.þþþA rally since late June has left the S&P up nearly 7 percent in 2016, as expectations of continued low interest rates encourage investors to buy into equities.þþþÿEverybody is at the beach and they aren't even calling in trades anymore,ÿ said Kim Forrest a senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.þþþÿIn times of low volumes, moves up or moves down are greatly exaggerated, because there is not enough participants to absorb those extra shares.ÿþþþþþþTrading volumes have been near year-lows since Monday as the second-quarter earnings season winds down.þþþOil prices were slightly lower on the possibility of more output from the U.S. and skepticism over the success of producers' talks to freeze output. [O/R]þþþThe dollar index fell for the second straight day as weak U.S. productivity data on Tuesday somewhat dimmed the prospects of economic growth and would likely deter the Federal reserve from raising interest rates.þþþDow e-minis <1YMc1> were up 13 points, or 0.07 percent at 8:28 a.m. ET (1228 GMT), with 12,943 contracts changing hands.þþþS&P 500 e-minis were up 2.5 points, or 0.11 percent, with 126,326 contracts traded.þþNasdaq 100 e-minis were up 6.25 points, or 0.13 percent, on volume of 12,813 contracts.þþþShares of Dow component Walt Disney fell 1.5 percent to $95.25 in premarket trading, after the company reported results overnight and bought a 33 percent stake in video-streaming firm BAMTech.þþþYelp jumped nearly 14 percent to $37.11 after the company swung to a surprise profit and raised its full-year revenue forecast.þþþSunPower shares sank 32 percent after the company swung to a second-quarter loss, lowered its full-year revenue forecast and said it would reorganize its business.þþPerrigo fell 13.5 percent to $82.20 after the company reported a lower-than-expected profit and slashed its earnings forecast.þ
Source: NY Times
