US STOCKS-Wall St set for flat open; Barclays lawsuit in focus

Reuters - UK Focus

* U.S.-listed shares of Barclays (LSE: BARC.L - news) down in premarket on fraudlawsuit

* GoPro to make Nasdaq debut after pricing IPO at top ofrange

* U.S. consumer spending misses expectations on weakservices

* Futures: Dow up 7 pts, S&P flat, Nasdaq up 2.75 pts (Updates with data)

By Angela Moon

NEW YORK, June 26 (Reuters) - Wall Street was set for a flatopen on Thursday after snapping a two-day losing streak, withfocus on financial stocks following a fraud lawsuit againstBritish bank Barclays.

* Market reaction was muted to economic reports that showedweekly jobless claims fell marginally last week while U.S.consumer spending rose less than expected in May.

* Alcoa Inc (NYSE: AA - news) shares rose 5.3 percent in premarkettrade after the company agreed to buy aircraft parts maker FirthRixson from private equity firm Oak Hill Capital Partners for$2.85 billion in cash and stock.

* Financial stocks were likely to be in the spotlight theNew York State's attorney general filed a securities fraudlawsuit against Barclays, accusing the British bank ofgiving an unfair edge in the United States to high-frequencytrading clients even as it claimed to be protecting othercustomers from such traders.

* U.S.-listed shares of Barclays fell 5.3 percent inpremarket trade. Other European banks were also hit withU.S.-listed shares of UBS AG (NYSEArca: FBGX - news) down 2.1 percent and CreditSuisse off 3.1 percent.

* Shares of the wearable sports camera maker GoPro will debut on the Nasdaq after 17.8 million class A sharespriced at $24 per share, the top end of the expected pricerange. The IPO raised about $427.2 million.

* S&P 500 e-mini futures were flat and in line withfair value - a formula that evaluates pricing by taking intoaccount interest rates, dividends and time to expiration on thecontract - indicating a flat open. Dow Jones industrial averagee-mini futures added 7 points while Nasdaq 100 e-minifutures added 2.75 points.

* European stocks inched up on Thursday, halting theprevious session's selloff, but Barclays led falls in bankingshares. The European banking sector index shed 0.6percent.

* Accenture Plc (NYSE: ACN - news) , a consulting and outsourcingcompany, reported a 7.5 percent rise in quarterly net revenue,led by faster growth in its consulting business. The stock wasup 1.8 percent in premarket trade.

* On Wednesday U.S. stocks rose, led by drugmakers, while aSupreme Court ruling lifted shares of major broadcasters. TheS&P 500's gains followed two days of losses, putting the indexon track for a decline of 0.2 percent for the week. (Reporting by Angela Moon; Editing by Chizu Nomiyama and NickZieminski)

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