* Obama to promote tax agenda in Pennsylvania
* Whole Foods Market announces special cash dividend
* Personal income, Chicago PMI on tap
* Futures: S&P up 1.8 pts, Dow up 33 pts, Nasdaq up 8.75 pts
By Angela Moon
NEW YORK, Nov 30 U.S. stock index futures
inched higher on the final trading day of the month, but the
mood was still cautious with the market firmly focused on U.S.
* U.S. President Barack Obama plans to travel to a factory
in Pennsylvania to press his case on raising taxes on the
wealthy to narrow the deficit. The president and congressional
Republicans are in discussions on how to avoid steep automatic
tax hikes and deep spending cuts that come into effect beginning
in January, unless they reach a deal to avoid them.
* Whole Foods Market Inc announced a special cash
dividend of $2.00 per share. In expectation of higher dividend
tax rates in 2013, companies have been shifting dividends or
announcing special payouts to shareholders.
* After a close relationship for several years, Facebook Inc
and Zynga Inc revised terms of a partnership
agreement between the companies; under the new pact, Zynga will
have limited ability to promote its site on Facebook. Zynga
shares were down 6.9 percent at $2.43 in premarket trading.
Facebook shares were up 0.8 percent at $27.55.
* The U.S. Commerce Dept releases October personal income
and consumption data at 8:30 a.m. ET (1330 GMT). Economists in a
Reuters survey expect a 0.2 percent rise in income, and an
unchanged reading for spending. In September, income grew 0.4
percent and spending was up 0.8 percent.
* The Institute for Supply Management in Chicago releases
November index of manufacturing activity at 9:45 a.m. (1445
GMT). A reading of 50.5 is expected, compared with 49.9 in
* Apple Inc's latest iPhone has received final
clearance from Chinese regulators, paving the way for a December
debut in a highly competitive market where the lack of a new
model had severely eroded its share of product sales.
* S&P 500 futures rose 1.8 points and were slightly
above fair value, a formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration on
the contract. Dow Jones industrial average futures rose
33 points, and Nasdaq 100 futures added 8.75 points.
* Japan's Nikkei average hit a seven-month closing
high on Friday as a weaker yen, driven by expectations the Bank
of Japan will act more boldly under a likely new government
following Dec. 16 elections, lifted the shares of exporters.
* European shares were steady at 15-month highs as investors
squared the books on the final trading day of the month, with
all eyes on U.S. budget talks.
* U.S. stocks finished higher on Thursday as investors
bought on sporadic dips in a market roiled by conflicting
comments from Washington on negotiations to avert the "fiscal
cliff," automatic spending cuts and tax rises set to begin in