Stock futures mixed after conflicting data, earnings reports


Stock futures indicate a flat opening amid mixed earnings report and conflicting economic data; S&P flat, Dow -0.1%, Nasdaq +0.2%.

Initial claims for jobless benefits in the latest week rose by 14K to 344K vs. expectations of a decline, while March consumer spending posted the largest increase since Aug. 2009 and exceeding forecasts.

Most global markets were closed for May Day; Japan's Nikkei was an exception, rallying 1.3% on strong earnings results.

Treasuries display slim losses, with the benchmark 10-year yield up a basis point at 2.66%.

Still ahead: PMI manufacturing, ISM manufacturing, construction spending, EIA natural gas inventory.

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