* Investors look for catalysts with indexes near records
* Services sector data on tap, seen flat with previous month
* U.S. shares of HSBC fall in premarket after revenue drop
* Dow up 5 pts, S&P 500 down 1.4 pt, Nasdaq up 2 pts
By Ryan Vlastelica
NEW YORK, Aug 5 (Reuters) - U.S. stock index futures were flat on Monday as investors looked for new reasons to buy following a rally that repeatedly took major indexes to record levels.
* The S&P 500 has risen for five of the past six weeks despite Friday's disappointing payroll report, which came in lower than expected.
* While the report showed that hiring slowed in July, some investors were encouraged by the idea that the report meant the U.S. Federal Reserve was more likely to hold steady with its monetary stimulus policy, which it said it would slow if economic growth met its targets this year.
* The program has contributed to gains of almost 20 percent in the S&P this year. The index is up 7.4 percent over the past six weeks, suggesting further gains may be harder to come by at current levels. European shares rose 0.4 percent, boosted by optimism the Fed's policy would continue.
* Investors were also looking ahead to the Institute for Supply Management's July reading on the services sector, set for release later on Monday. The non-manufacturing index is seen coming in at 53, slightly over the previous month's read of 52.2.
* U.S. shares of HSBC Holdings Plc fell in premarket trading after the company reported a drop in revenue, hurt by a deceleration in emerging markets.
* S&P 500 futures fell 1.4 points and were below 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 added 5 points and Nasdaq 100 futures rose 2 points.
* Tyson Foods, Vornado Realty Trust and Integrys Energy Group are among the S&P 500 companies scheduled to report results on Monday.
* Of the 391 companies in the S&P 500 that have reported earnings for the second quarter, 67.8 percent have topped analyst expectations, in line with the average beat over the past four quarters, data from Thomson Reuters showed. About 55 percent have reported revenue above estimates, more than in the past four quarters but below the historical average.
* In company news, analysts said that millions of Time Warner Cable subscribers in New York, Los Angeles and Dallas could be without CBS Corp programming for several weeks as the companies appear no closer to settling a fee dispute.
* Raytheon Co is poised to book billions of dollars worth of orders for its Patriot air and missile defense system in the coming months, underscoring the resurgence of a weapon first developed to defend Europe against a possible Soviet attack.
* U.S. stocks closed modestly lower on Friday, pulling back from record highs following the July jobs report.