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U.S. Stock-Index Futures Little Changed After S&P’s Weekly Gain

June 23 (Bloomberg) -- U.S. stock futures were little changed, after the Standard & Poor’s 500 Index closed at a record, as investors awaited reports on manufacturing and home purchases in the world’s biggest economy.

Twitter Inc. dropped 0.5 percent in early New York trading as one of its executives meets a Russian government official to discuss internet regulation. Advanced Micro Devices Inc. lost 1.7 percent as Pacific Crest Securities LLC downgraded the shares. Citigroup Inc. fell 1.1 percent in Germany after Mexico’s attorney general said his office has obtained arrest warrants for officials at the bank.

Futures on the S&P 500 expiring in September gained less than 0.1 percent to 1,953.9 at 7:34 a.m. in New York. The equity gauge rose 1.4 percent last week, the most in two months, closing at an all-time high of 1,962.87. Dow Jones Industrial Average contracts rose 1 point, less than 0.1 percent, to 16,859 today.

“We will get some important pieces of data in the U.S. with the PMI manufacturing and the home sales,” Ion-Marc Valahu, a co-founder and fund manager at Clairinvest in Geneva, wrote in an e-mail. “This will be closely watched. Investors are hoping that the U.S. data will show an improvement from prior months.”

A Markit Economics report at 9:45 a.m. New York time will show a measure of U.S. manufacturing growth declined to 56 in June from 56.4 in May, according the median forecast of economists in a Bloomberg News survey. A reading above 50 signals expansion.

Home Sales

A National Association of Realtors release at 10 a.m. will show that sales of previously-owned U.S. homes climbed to a 4.74 million annualized rate in May from a 4.65 million rate the previous month, according to economist projections.

Twitter fell 0.5 percent to $39.04. Vice President of Global Public Policy Colin Crowell is meeting an official to discuss the Russian government’s new internet laws. The Izvestia daily reported last month that Russia may block Twitter if it violates local rules.

AMD lost 1.7 percent to $4.03 in New York. Pacific Crest downgraded the maker of processors for personal computers to underperform, similar to a sell recommendation, from sector perform.

Citigroup fell 1.1 percent to $46.83. Attorney General Jesus Murillo told Mexican senators on Friday that the people sought “are not minor.” He didn’t say if they are still working for the bank. The U.S. lender said May 14 that it fired 11 people amid a probe into loan fraud involving Oceanografia SA, a provider of services to the national oil company, Petroleos Mexicanos.

Lululemon Athletica Inc. rose 5.6 percent to $42.50 in early New York trading as the yoga-clothing maker said it is working to improve its product line and improve value for shareholders.

Integrys Energy Group Inc. soared 16 percent to $70.90 in New York. Wisconsin Energy Corp said it will acquire Integrys for $9.1 billion in cash, stock and assumed debt.

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