US STOCKS-Futures muted after Nike's surprise loss, Fed's pandemic analysis

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* Futures: Dow down 0.20%, S&P up 0.07%, Nasdaq up 0.15%

By Medha Singh and Devik Jain
June 26 (Reuters) - Futures tracking the S&P 500 were
largely flat on Friday as investors digested a surprise
quarterly loss for Nike and the Federal Reserve's move to limit
shareholder payouts by banks amid a surge in new coronavirus
cases.
Nike slipped 3.4%, the most among the 24 of 30 blue-chip Dow
Jones Industrials .DJI constituents trading before the bell,
as the footwear maker posted its first loss in more than two
years hurt by store closures. U.S. lenders Bank of America Corp BAC.N , JPMorgan Chase &
Co JPM.N , Goldman Sachs GS.N fell between 1.4% and 3.2%
after the Fed capped dividend payments and barred share
repurchases until at least the fourth quarter following its
annual stress test. In the previous session, banks stocks had powered Wall
Street's main indexes higher, helping them offset investor fears
due to rising virus infections in several U.S. states.
The uptick in cases has also threatened to derail a strong
rally for Wall Street that brought the S&P 500 within 9% of its
February all-time high on the back of record government stimulus
measures.
At 6:26 a.m. ET, Dow e-minis 1YMcv1 were down 50 points,
or 0.2%. S&P 500 e-minis EScv1 were up 2 points, or 0.07% and
Nasdaq 100 e-minis NQcv1 were up 15.25 points, or 0.15%.
Facebook Inc FB.O fell 0.8% after Verizon Communications
Inc VZ.N joined an advertising boycott that called out the
social media giant for not doing enough to stop hate speech on
its platforms.
The U.S. Commerce Department's data at 8:30 a.m. ET is
expected to show personal income dropped 6% in May after surging
10.5% in April.
Separately, a reading of core personal consumption
expenditures price index likely remained unchanged last month
after easing 0.4% in April.
Friday also marks the reconstitution of the FTSE Russell
indexes, including large cap Russell 1000 .RUI and small cap
Russell 2000 .RUT , that often marks one of the biggest trading
volume days of the year.