* Spending, trade lift U.S. fourth-quarter growth
* Google shares up after deal with Lenovo Group
* Facebook shares rally after results beat expectations
* Futures up: Dow 43 pts, S&P 5.5 pts, Nasdaq 14 pts
By Angela Moon
NEW YORK, Jan 30 Wall Street was set for a
slightly higher open on Thursday after data showed robust
household spending and rising exports helped the U.S. economy to
grow 3.2 percent in the fourth quarter.
* The market was poised to rebound after a 1-percent drop in
key indexes Wednesday, following the Federal Reserve's decision
to continue paring stimulus despite a selloff in emerging
* Gross domestic product grew at a 3.2 percent annual rate,
the Commerce Department said on Thursday, in line with
expectations. But market sentiment was still
cautious on ongoing turmoil in emerging markets.
* Facebook Inc shares jumped nearly 19 percent in
premarket trading. The social media company delivered its
strongest revenue growth in two years a day earlier, beating
Wall Street targets.
* Central banks around the globe stepped in again as
emerging market currencies declined. The Russian rouble hit
record lows against the euro on Thursday, and currencies in
South Africa and Hungary hit multi-year troughs in the latest
wave of an emerging market asset sell-off threatening global
economic stability. India's finance ministry said the country
would take any steps necessary to ensure financial market calm.
* In the U.S., S&P 500 e-mini futures rose 5.5 points
and were above/below 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 43 points and Nasdaq 100 futures
added 14 points.
* The S&P 500 was down about 4 percent for the month, its
worst monthly loss since May 2012. Some investors have been
bracing for a correction, after the S&P 500's dramatic advance
of 30 percent last year.
* In other earnings, Visa Inc shares rose nearly 4
percent in premarket trading after the world's largest credit
and debit card company, reported a 9 percent rise in quarterly
profit as more people used its cards.
* Google Inc shares rose 2.7 percent in premarket
trading, a day after Lenovo Group said it would buy
the internet search giant's Motorola handset division for $2.91
* The number of Americans filing new claims for unemployment
benefits rose more than expected last week, but the underlying
trend suggested the labor market continued to heal.
* Global equities hit 2-1/2 month lows on Thursday after the
U.S. Federal Reserve pushed ahead with reducing stimulus,
raising concern about more emerging markets weakness and pushing
investors towards safe-haven bonds.