US STOCKS-Wall St set to open flat, eyes on consumer data

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* Best Buy jumps on solid holiday-quarter profit forecast
* Disney gains on upbeat Disney+ subscribers report
* Dollar Tree slumps on dour forecast as tariffs weigh
* Focus on consumer confidence data
* Futures up: Dow 0.09%, S&P 0.02%, Nasdaq 0.03%

(Adds comments, updates market action)
By Arjun Panchadar
Nov 26 (Reuters) - Wall Street's main indexes were set to
open flat on Tuesday after closing at record highs in the
previous session, with a handful of retailers reporting mixed
results ahead of the latest batch of consumer confidence data.
Trade issues remained in focus after Beijing said
negotiators had reached a "common understanding on resolving
relevant problems", but stopped short of indicating an agreement
was in the offing. White House adviser Kellyanne Conway said
Washington was getting "really close" to a deal. The three main U.S. stock indexes have notched new highs
this month, fueled by optimism over a deal to end the damaging
trade war, a third-quarter corporate earnings season that has
largely topped lowered expectations and upbeat domestic economic
data.
"A combination of progress on trade talks, no curveball by
(Fed Chair) Powell, and consumer confidence should keep this
'Thanksgiving rally' going," said Peter Cardillo, chief market
economist at Spartan Capital Securities in New York.
A third interest rate cut by the Federal Reserve this year
was also instrumental in lifting risk appetite, and Fed Chair
Jerome Powell said on Monday monetary policy was "well
positioned" to support the strong labor market. The Conference Board's U.S. consumer confidence data for
November, due at 10 a.m. ET, is expected to rise to 127 from
125.9 in October.
Consumer confidence data is expected to stay at fairly
elevated levels and should bode well for consumer spending as
the holiday season kicks off in a few days, Cardillo said.
At 8:38 a.m. ET, Dow e-minis 1YMcv1 were up 26 points, or
0.09%. S&P 500 e-minis EScv1 were up 0.75 points, or 0.02% and
Nasdaq 100 e-minis NQcv1 were up 2.5 points, or 0.03%.
Best Buy Co Inc BBY.N jumped 4% after the consumer
electronics retailer beat expectations for quarterly same-store
sales and forecast strong holiday quarter earnings. Walt Disney Co DIS.N rose 1.6% after a New York Post
report said streaming service Disney+ is averaging nearly a
million new subscribers a day, citing data collected from
research firm Apptopia. However, shares of Hewlett Packard Enterprise Co HPE.N
fell 4% as the enterprise software maker missed fourth-quarter
revenue estimates, hit by lower demand for its servers and
storage products. Dollar Tree Inc DLTR.O tumbled 13.3% after the discount
store operator forecast holiday-quarter profit below
expectations, as it expects a hit from U.S. tariffs on Chinese
imports.