US STOCKS-Futures edge higher, S&P 500 near record

Reuters - UK Focus

* S&P 500 within points of record levels, may findresistance

* Emerging markets in focus after Ukraine president ousted

* Netflix (NasdaqGS: NFLX - news) shares fall, to pay Comcast for faster speeds

* Futures up: Dow 11 pts, S&P 2.6 pts, Nasdaq 5 pts

By Ryan Vlastelica

NEW YORK (Frankfurt: HX6.F - news) , Feb 24 (Reuters) - U.S. stock index futures edgedhigher on Monday, with the S&P 500 within points of its recordhigh, though investors may have few reasons to push sharesdecisively above that level.

* Geopolitical uncertainty will continue to be in focusafter Ukrainian President Viktor Yanukovich was ousted followingdeadly street protests, leaving a potential power vacuum and anailing economy. Ukraine's finance ministry said the economyrequired $35 billion in foreign aid over the next two years,with the first tranche needed within two weeks.

* While most U.S. companies have limited direct exposure toUkraine, investors are concerned that the instability in theregion could spread throughout emerging markets. European shares dipped slightly on Monday.

* Investors are looking ahead to the Chicago Fed's NationalActivity index for January, due out at 8:30 a.m. (1330 GMT), aswell as financial data firm Markit's preliminary February readon the services sector.

* Trading may be light, with few domestic catalysts to drivemarkets until Thursday, when Federal Reserve Chair Janet Yellenwill speak to the Senate Banking Committee in her semi-annualtestimony about monetary policy.

* Yellen's comments will be scoured for any insight into theextent to which bad weather has impacted economic activity, aswell as for confirmation that the Fed will not make any changesto its schedule for trimming stimulus.

* S&P 500 futures rose 2.6 points and were above fairvalue, a formula that evaluates pricing by taking into accountinterest rates, dividends and time to expiration on thecontract. Dow Jones industrial average futures added 11points and Nasdaq 100 futures rose 5 points.

* Wall Street stocks have recovered from the weakness theywent through in late January, with the S&P 500 up 3 percent overthe past three weeks. Investors have largely shrugged off astreak of weak economic data, blaming that on poor weatherconditions rather than weakening fundamentals.

* However, the S&P has found resistance at 1,850.84, itsrecord intraday level, which was hit on Jan. 15. The index iscurrently 0.8 percent away from that level.

* In company news, Netflix Inc has agreed to payComcast Corp for faster speeds, though terms of theagreement were not disclosed. Shares of Netflix fell 1.7 percentto $425.01 in light premarket trading.

* General Electric Co plans to intensify researchfocusing on complex energy projects such as waterless frackingand gas turbine efficiency by earmarking an additional $10billion through 2020 for its "ecoimagination" budget.

* Tenet Healthcare (NYSE: THC - news) , Frontier Communications Corp and EOG Resources Inc (NYSE: EOG - news) are all scheduled toreport results after the market closes.

* U.S. stocks rose for much of the session on Friday, butturned lower late in the session on options-related trading.

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