U.S. stock-index futures were little changed, after a third day of declines dragged the Standard & Poor’s 500 Index to a two-month low. American Airlines Group Inc. slipped 1.4 percent after trimming forecasts on second-quarter margins and a key revenue gauge. Lululemon Athletica Inc. rose 2.3 percent after the yogawear maker boosted its full-year outlook and reported first-quarter profit that topped analysts’ estimates. S&P 500 E-mini contracts expiring this month fell 0.1 percent to 2,077 at 8:34 a.m. in New York, after earlier sliding as much as 0.5 percent. The underlying index is down 2.4 percent since it last closed at a record on May 21. Dow Jones Industrial Average futures dropped 10 points to 17,758. “It’s like we’re all waiting for a catalyst but we don’t really know where to look,” said Richard Hunter, head of equities at Hargreaves Lansdown Plc in London. “Everyone’s trying to double guess when the Fed’s interest-rate hike will be and mixed data has not really made it too clear. You could buy on dips given the recent selloff, but you can also come up with a bunch of reasons not to invest.” Reports on consumer sentiment and retail sales are due this week, both of which are forecast to show an improving economy. Jobs data last week showed the strongest hiring in five months and the biggest wage gains in two years, bolstering bets the Federal Reserve will raise interest rates this year.
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