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* Nvidia Corp rises after upbeat revenue forecast
* EBay Inc rises on additional share buyback, profit
forecast
* Expedia jumps on upbeat quarterly core earnings outlook
* Futures: Dow dips 0.06%, S&P flat, Nasdaq up 0.10%
(Adds comment, details; updates prices)
By Medha Singh
Feb 14 (Reuters) - Wall Street's main indexes were headed
for a muted open on Friday, as concerns over the economic
fallout of the coronavirus outbreak overshadowed a handful of
positive earnings reports.
Stock index futures pared gains after the Commerce
Department's retail sales report showed consumer spending
appeared to have slowed further in January. Investor attention
now turns to industrial production data scheduled for release at
9:15 a.m ET. Chinese health authorities reported more than 5,000 new
cases, suggesting the epidemic was showing no signs of easing.
A recent Reuters poll showed the virus-hit Chinese economy
will grow at its slowest pace since the financial crisis in the
current quarter but the downturn will be short-lived if the
outbreak is contained. "Investors are definitely keeping an eye on how much the
coronavirus is spreading and where it spreads to. It still
remains the biggest risk going forward," said Robert Pavlik,
chief investment strategist and senior portfolio manager at
SlateStone Wealth LLC in New York.
"Earnings from last night are definitely helping the
sentiment but it's still too early to tell how the day will go."
Wall Street is on course for a second straight weekly rise
after hitting a series of record highs, as a largely positive
fourth-quarter earnings season and confidence in the U.S.
economy helped investors look past conflicting headlines on the
virus.
Nvidia Corp NVDA.O jumped 6.8% in premarket trading as it
forecast first-quarter revenue that topped analysts' estimates,
reinforcing expectations of a rebound in chip demand.
Shares of rival Intel Corp INTC.O rose 0.4%, while
Advanced Micro Devices Inc AMD.O gained 1.4%.
At 8:51 a.m. ET, Dow e-minis 1YMcv1 were down 18 points,
or 0.06%. S&P 500 e-minis EScv1 were up 0.75 points, or 0.02%,
and Nasdaq 100 e-minis NQcv1 were up 9.75 points, or 0.1%.
Among other stocks, Expedia Inc EXPE.O jumped 12.1% after
the online travel services company forecast strong quarterly
core earnings amid coronavirus uncertainty. EBay Inc EBAY.O advanced 1.8% as the ecommerce company
added $3 billion to its 2020 share buyback plan and forecast
current-quarter profit above analysts' expectations.