* Dow and S&P 500 coming off record closing highs
* April retail sales up 0.1 pct, less than expected
* Futures up: Dow 33 pts, S&P 0.7 pt, Nasdaq 3.75 pts (Updates with economic data)
By Ryan Vlastelica
NEW YORK (Frankfurt: HX6.F - news) , May 13 (Reuters) - U.S. stock index futurespointed to a flat open on Tuesday as investors found few reasonsto keep pushing shares higher with major indexes coming offrecord closes and economic data painting a mixed picture of theeconomy.
Retail sales rose 0.1 percent in April, less than expected,though March's read was revised upward. Separately, April importprices fell 0.4 percent while export prices dropped 1 percent.Analysts were expecting both to have risen 0.3 percent.
Market participants were also watching merger activity.
Late Monday, sources told Reuters that AT&T Inc was inactive talks to buy DirecTV, and that it may complete adeal in the next few weeks that could be worth close to $50billion. Shares of DirecTV rose 3.2 percent to $89.98 inpremarket trading while AT&T lost 7 cents to $36.50.
Separately, Pfizer (NYSE: PFE - news) suggested it could raise itsproposed $106 billion offer if AstraZeneca (NYSE: AZN - news) engaged intalks, as its boss was grilled by UK lawmakers on his commitmentto British research spending and jobs. U.S. shares of Astra rose 2.1 percent to $79.53 before the bell.
S&P 500 futures rose 0.7 point 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 33points and Nasdaq 100 futures rose 3.75 points.
Wall Street rallied on Monday, with the S&P climbing 1percent and the Nasdaq adding nearly 2 percent on the back ofoutperformance in the Internet and biotech space. The Russell2000 index of small-cap stocks climbed 2.4 percent, itsbiggest daily percentage gain since early March.
Gains this year have come on improving signs of domesticgrowth, though traders continue to worry about the pace ofeconomic expansion as well as tensions between Ukraine andRussia, which many fear could escalate into further violence.
In the latest on that front, Russia said new European Unionsanctions would hinder efforts to defuse the situation, urgingthe West to persuade Kiev to hold discussions on the country'sfuture structure before a May 25 presidential election.
China's economic activity showed across-the-board weaknessin April, with economic indicators on investment and consumptionmissing expectations. The data sparked new calls for Beijing toease policies to shore up growth. (Editing by Bernadette Baum)
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