US STOCKS-Futures flat near record high, focus on data, earnings

Reuters

* September home resales data expected at 1400 GMT

* Netflix to report earnings after the closing bell

* Futures: Dow up 9 pts, S&P flat, Nasdaq up 6 pts

By Rodrigo Campos

NEW YORK, Oct 21 (Reuters) - U.S. stock index futures werelittle changed in light trading on Monday following a recordclosing high by the S&P 500 on Friday, as a week filled witheconomic data and key corporate earnings gets under way.

The S&P 500 closed at a record high to cap its biggestweekly gain in three months on stronger-than-expected earningsfrom companies, including Google and Morgan Stanley.

Shares of Dow component McDonald's fell 1.9 percentin light premarket trading after posting earnings. Othercompanies expected to report results on Monday include Netflix and Texas Instruments.

"With no fresh themes emerging this morning, marketparticipants will continue to look towards earnings fordirection - and earnings have delivered," said Andre Bakhos,managing director at Janlyn Capital LLC in Bernardsville, NewJersey.

"It will primarily be an earnings and economic data drivenmarket," he said.

The National Association of Realtors releases existing-homesales for September at 10 a.m. (1400 GMT). Economists in aReuters survey forecast a 5.30 million units at an annual rate versus 5.48 million in August.

S&P 500 futures rose a point and were little changedin terms of fair value, a formula that evaluates pricing bytaking into account interest rates, dividends and time toexpiration on the contract. Dow Jones industrial average futures rose 3 points and Nasdaq 100 futures added 6points.

Financial stocks could be in focus after JPMorgan Chase & Co reached a tentative $13 billion deal with the U.S.government to settle investigations into bad mortgage loans soldto investors by JPMorgan and the banks it bought during thefinancial crisis.

"A settlement of this size brings closure for many and itallows them to put the episode behind," Bakhos said.

Shares of Tellabs Inc rose 5.5 percent in premarkettrading after the network services provider agreed to be boughtby Marlin Equity Partners for $891 million.

Japan's exports rose but were well short of expectations inSeptember, a sign that slowing demand in Asia is taking theshine off Prime Minister Shinzo Abe's stimulus policies andclouding the outlook for a budding economic recovery.

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