US STOCKS-Futures flat ahead of futures, options expiration

* Recent drop in volatility may mean quiet expiration day

* Euro on track to post strongest week vs USD in 9 months

* Futures: Dow off 6 pts; S&P off 1.1 pts; Nasdaq up 0.5

* For up-to-the-minute market news see [STXNEWS/US]

NEW YORK, June 18 (BestGrowthStock) – U.S. stock index futures were
little changed on Friday, following a choppy prior session, as
investors positioned for the expiration of futures and options
contracts.

* Four different types of June equity futures and options
contracts expire Friday, a convergence known as “quadruple
witching.” As volatility has receded lately, traders expected a
quiet session. For details see [ID:nN17234655]

* S&P 500 futures (SPc1: ) fell 1.1 points and were flat in
terms of fair value, a formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration
on the contract. Dow Jones industrial average futures (DJc1: )
dipped 6 points and Nasdaq 100 futures (NDc1: ) up 0.5 points.

* The euro, a yardstick used lately by traders to gauge
risk aversion, held at three-week highs against the U.S. dollar
and was on track for its second straight positive week and its
strongest week in percentage gains in at least nine months.

* Motorola Inc (MOT.N: ) will buy back most of its debt and
pump the bulk of its remaining cash into a proposed spinoff of
its money-losing mobile devices unit, the Wall Street Journal
reported, citing sources. [ID:nSGE65H047]

* Private equity group Kohlberg Kravis Roberts & Co
[KKR.UL] will buy Intelligence Ltd, a unit of cable broadcaster
Usen Corp (4842.OJ: ), for 32.5 billion yen ($357 million) in its
first significant deal in Japan. [ID:nN17268642]

* A Democratic bill to extend jobless benefits and raise
taxes on investment fund managers failed a key vote in the U.S.
Senate on Thursday, dealing a blow to U.S. President Barack
Obama’s push to boost the economy. [ID:nN17274429]

* U.S. stocks (Read more about the stock market today. ) edged higher on Thursday in a choppy, thinly
traded session as investors built on momentum after the S&P 500
index broke through its 200-day moving average earlier this
week.

* The S&P 500 has held above the average since Tuesday in a
bullish signal, but could find resistance near the 1,121 level,
a key technical level that marks the 50 percent retracement of
its decline from the October 2007 historic highs to the lows of
March 2009.

Stock Trading
(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

US STOCKS-Futures flat ahead of futures, options expiration