* Wall St investors set to take profits after S&P closes at
* Fed's FOMC begins 2-day monetary policy meeting
* Slew of consumer data on tap
* Futures: S&P down 1.7 pts, Dow falls 1 pts, Nasdaq off
NEW YORK, April 30 U.S. stock index futures were
little changed on Tuesday as Wall Street was set to take a
breather after extending its recent rally with the S&P 500
setting another record close.
* The S&P 500 index ended at an all-time high on Monday as
growth-oriented stocks, including energy and technology, lead
the way to the index's sixth rise in the past seven sessions. A
positive finish to April would deliver a sixth straight month of
gains. That would be the longest winning streak since September
2009 when the index rallied for seven straight months. The broad
market index is up 1.6 percent for the month.
* The Federal Open Market Committee begins its two-day
meeting on monetary policy, with results scheduled to be
announced on Wednesday. A recent slew of weak U.S. growth data
has raised expectations the Federal Reserve will keep its pace
of bond buying at $85 billion a month.
* S&P 500 futures fell 1.8 points and were slightly
below fair value, a formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration of
the contract. Dow Jones industrial average futures fell 1
points and Nasdaq 100 futures was down 0.25 point.
* In macroeconomic news, the U.S. employment cost index is
due at 8:30 a.m. ET (1230 GMT) and the S&P/Case-Shiller
home-price index for February is due at 9 a.m. ET. The Chicago
purchasing managers' index for April will be released at 9:45
a.m. ET and the Conference Board's April consumer confidence
index is due at 10:00 a.m. ET.
* On the corporate earnings front, Pfizer Inc shares
were down 3 percent in premarket trade after the company
reported weaker-than-expected results.