US STOCKS-S&P futures hover at record levels; materials, energy stocks rise

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* Futures: Dow up 0.31%, S&P up 0.08%, Nasdaq down 0.26%

By Medha Singh
May 10 (Reuters) - The S&P 500 futures hovered near record
highs on Monday as investors awaited economic data this week for
more clarity on the pace of economic recovery, while higher
commodity prices supported shares of miners, energy and steel
companies.
Copper miner Freeport-McMoran FCX.N rose 3.5% premarket,
while aluminum producer Alcoa AA.N gained 3.6% and steelmaker
United States Steel Corp X.N was up 3.1% as copper prices
touched a record high and aluminum scaled a new peak. MET/L
Chevron Corp CVX.N , Occidental Petroleum Corp OXY.N and
Exxon Mobil Corp XOM.N firmed about 0.8% after a cyber attack
on top U.S. pipeline operator Colonial Pipeline shuttered fuel
network that transports nearly half of the East Coast's
supplies, lifting oil prices. O/R
Cybersecurity firm FireEye FEYE.O jumped about 6% as
industry sources said the company was among those helping
Colonial Pipeline to recover from one of the most disruptive
digital ransom schemes reported. The S&P 500 and the Dow ended at record closing highs on
Friday as an unexpected slowdown in monthly jobs growth eased
inflation worries and fueled bets that the U.S. Federal Reserve
would remain accommodative for longer.
With latest economic reports depicting that the U.S. economy
is not recovering at the explosive pace as previously forecast,
inflation numbers this week and comments from Federal Reserve
officials could chart the next course for U.S. equities.
At 6:46 a.m. ET, Dow e-minis 1YMcv1 were up 106 points, or
0.31%, S&P 500 e-minis EScv1 were up 3.25 points, or 0.08%,
and Nasdaq 100 e-minis NQcv1 were down 35.5 points, or 0.26%.
The earnings season is in its final stretch with about 87.2%
of 439 S&P 500 companies beating estimates for profit, according
to Refinitiv data. Analysts expect overall first-quarter
earnings to jump 50.4% from a year ago, their strongest growth
rate since 2010.