Wall Street set for flat open, techs may gain (Reuters)

A report showing a larger-than-expected increase in the number of people filing for unemployment benefits in the latest week added to concerns about a slowing labor market.

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Even so, technology shares could rise after a stronger-than-expected quarterly profit from Internet retailer Amazon.com Inc (AMZN.O), whose stock shot up nearly 9 percent to $76.64 before the bell. "Not everyone is going to jump in here. There's some apprehension as to the sustainability of the recent market bounce," said Andre Bakhos, president of Princeton Financial Group in Princeton, New Jersey. "On the surface, Ford is not a positive." S&P 500 futures fell 1.3 points and were near break-even with fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Full Story: Wall Street set for flat open, techs may gain (Reuters)

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