DJIA futures down 48 points (Il Sole 24 Ore Radiocor) - New York, 17 Jun - US futures were little changed at the start of a holiday-shortened week as investors waited for appearances by Fed officials to try and glean more insight into the prospects for interest rates.

Wall Street ended quietly Friday consigning the Dow to its third week of losses out of four. But the S&P 500 and tech-heavy Nasdaq both ended in the green with the Nasdaq racking up its seventh week of gains out of the last eight.

Interest rates continue to be the main focus of interest after the Federal Reserve signalled there would likely be just one rate cut this year on account of stubborn inflation.

Minneapolis Fed President Neel Kashkari said on Sunday it was reasonable to expect the Fed would wait until December to cut rates.

Investors will be keeping a close eye on a string of Fed policymakers due to speak during the week as well as data on retail sales, housing starts and US business activity.

US markets will be closed on Wednesday for the Juneteenth holiday.

On the stocks front, the earnings week features a Lennar update after market close today and Kroger, Smith & Wesson and KB Home later in the week.

Shares in Autodesk were up more than 4% in premarket trade after a media report Starboard Value had a stake of around 500 million dollars in the design-software maker and was looking for changes.

Futures on the Dow Jones were down 48.00 points, or 0.12%, S&P 500 futures were down 1.25 points, or 0.02%, while futures on the Nasdaq were 33.75 points, or 0.17%, higher.

AAA-Sje

(RADIOCOR) 17-06-24 13:47:40 (0314) 5 NNNN