US Futures Mixed Near Unchanged Ahead of Data; Lumber Liquidator Drops

U.S. stock futures were mixed Monday, with the Down Jones Industrial Average and the Nasdaq 100 slightly higher and the S&P 500 slightly in the red ahead of spending and manufacturing data.

At 8:30 a.m. ET, personal income is expected to have grown 0.4% in January, within a consensus range between 0.2% and 0.5% growth, according to data compiled by Econoday. In December, personal income grew 0.3% Consumer spending, meanwhile is expected to be unchanged in January from December, within the consensus range for a 0.2% decline and a 0.5% increase. In December, consumer spending fell 0.3%.

Later this morning, at 9:45 a.m., the Markit PMI manufacturing index is expected to have ticked up to 54.0 in February from 53.9 in January. The consensus range is between 53.0 and 54.4.

At 10:00 a.m., the ISM manufacturing index is seen lower at 53.0 for February compared to 53.5 in January. The consensus range is between 52.0 and 54.1. At the same time, data on construction spending is expected to show it added 0.3% in January compared to the 0.4% growth seen in February. The consensus range is between a 0.3% decline and a 0.6% increase.

In equities, Lumber Liquidators ( LL ) , the retailer of hardwood flooring, fell over 22% in recent pre-market trade after 60 minutes reported Sunday that much of the laminate flooring that the company sells is made in China and “may fail to meet health and safety standards because it contains high levels of formaldehyde,” known for causing cancer. The report cited Lumber Liquidators as saying the flooring is safe, contradicting the results of 60 minutes’ own reporting.

Meanwhile, NXP Semiconductors ( NXPI ) shares jumped over 12% after saying it plans to acquire rival Freescale ( FSL ) for a $ 11.8 billion. FSL was higher nearly 9%.

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