* Toll Brothers, Michael Kors up after earnings; DSW drops
* S&P 500 aims for fifth straight day of gains
* Futures up: Dow 25 pts, S&P 3 pts, Nasdaq 5 pts
NEW YORK, May 28 U.S. stock index futures edged
up on Wednesday, with technicals in focus and scant key items on
the U.S. economic calendar, following yet another record close
on the benchmark S&P 500 index.
* Investors' appetite for equities continued on the back of
strong U.S. economic data and expectations of monetary easing by
the European Central Bank, while the euro was seen weakening
further from a 2-1/2 year high hit earlier this month and the
U.S. 10-year yield hovered near its lowest since October.
* The S&P 500 was poised for a fifth straight day of gains,
which would be its second-longest run this year. The index
closed at 1,911.91, near the 1,910 area seen as technical
resistance. Support kicks in at 1,900 and then at the 14-day
moving average, now near 1,887.
* Upbeat earnings from Toll Brothers could push homebuilders
higher while retailers Michael Kors and DSW told diverging
stories about consumer spending.
* S&P 500 e-mini futures rose 3 points and fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract, indicating a higher open. Dow Jones industrial average
e-mini futures rose 25 points and Nasdaq 100 e-mini
futures added 5 points.
* Toll Brothers shares added 3.3 percent in
premarket trading after the largest U.S. luxury homebuilder said
quarterly profit more than doubled as it sold more homes at
* Michael Kors Holdings reported a 59 percent jump
in quarterly profit as sales of its handbags and watches surged
in North America. Shares were up 3 percent in trading before the
* Footwear retailer DSW tumbled 15 percent in
premarket trading after reporting a drop in sales.
* Workday Inc's shares rose 5.7 percent in
premarket trading a day after posting first-quarter revenue that
jumped 74 percent on strong subscription growth for its
web-based human resources software.
(Reporting by Rodrigo Campos; Editing by Bernadette Baum)