U.S. Index Futures Little Changed After Rally; BioMarin Climbs

U.S. stock-index futures were little changed after equities rallied the most in a month.

BioMarin Pharmaceutical Inc. added 2.1 percent in early New York trading after U.K. press reports mentioned the biotechnology company as a possible takeover target.

E-mini contracts on the Standard & Poor’s 500 Index expiring in June rose 0.1 percent to 2,058.5 at 9:52 a.m. in London. Dow Jones Industrial Average E-minis added 11 points, or 0.1 percent, to 17,803. The exchange yesterday ended off-hours trading in the largest Dow and Nasdaq 100 Index futures amid slowing volume, leaving smaller versions called E-mini contracts.

The S&P 500 rallied the most since Feb. 3 yesterday after a drop in retail sales bolstered the case for keeping interest rates low. The gauge is still poised for a third consecutive weekly decline amid a surging dollar and concern that the Federal Reserve may start raising interest rates. Policy makers begin a two-day meeting on March 17.

A report today at 10 a.m. in Washington may show consumer confidence rose this month. The University of Michigan preliminary index of sentiment rose to 95.5 from 95.4 in February, according to economists surveyed by Bloomberg.

Source : Bloomberg