* JPMorgan, Goldman up in premarket after earnings
* Yellen to testify before Senate Banking Committee
* New York manufacturing hits highest level since April 2010
* Retail sales, import prices shy of expectations
* Futures: Dow up 33 pts, S&P up 2.25 pt, Nasdaq up 8.25 pts
(Adds data, updates prices)
By Chuck Mikolajczak
NEW YORK, July 15 U.S. stocks were poised for a
slightly higher open on Tuesday after earnings from JPMorgan and
Goldman Sachs and ahead of testimony from U.S. Federal Reserve
Chair Janet Yellen.
* Yellen is set to begin her semi-annual testimony on the
central bank's monetary policy before the Senate Banking
Committee at 10:00 a.m. (1400 GMT). Investors will be closely
monitoring for any indication on when the Fed plans to hike
* JPMorgan Chase shares rose 2.6 percent to $57.75
in premarket trade after the biggest U.S. bank by assets
reported second-quarter earnings that topped expectations.
* Goldman Sachs shares advanced 1.9 percent to
$170.15 before the opening bell after the bank posted its
* Fellow Dow component Johnson & Johnson edged up 0.4
percent to $105.75 in premarket trade. The diversified
healthcare company reported sharply better-than-expected
quarterly revenue and earnings.
* S&P 500 profits are seen growing 6.2 percent in the second
quarter, according to Thomson Reuters data, down from the 8.4
percent growth forecast at the start of April. Revenue is seen
up 3.1 percent. S&P 500 companies expected to report earnings
after the close include Yahoo Inc and Intel Corp
* S&P 500 e-mini futures rose 2.25 points and fair
value - a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the contract
- indicated a slightly higher open. Dow Jones industrial average
e-mini futures rose 33 points and Nasdaq 100 e-mini
futures added 8.25 points.
* In a flurry of economic data releases, the New York Fed's
Empire State index OF general business conditions rose to 25.60,
the highest level since April 2010, from 19.28 in June and above
the 17 estimate.
* But retail sales rose 0.2 percent last month after an
upwardly revised 0.5 percent advance in May, shy of the estimate
calling for a 0.6 percent rise.
* In addition, import prices edged up 0.1 percent in June,
shy of the 0.3 percent estimate, after increasing by a revised
0.3 percent in May.
* Chemicals maker Albemarle Corp said it would buy
rival Rockwood Holdings Inc for $6.2 billion to bulk up
its lucrative specialty chemical offerings. Rockwood shares
jumped 11.8 percent to $84.65 in premarket.
* In other M&A news, Reynolds American said it would
acquire Lorillard for about $25 billion. Lorillard shares
were down 5.5 percent to $63.50 while Reynolds American lost 2.5
percent to $61.60 in premarket trade.
(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama and