* Tesla drops on Goldman downgrade
* Shutterstock falls as revenue misses
* Futures down: Dow 15 pts, S&P 1.5 pts, Nasdaq 10.5 pts
(Adds details, comments, updates prices)
By Yashaswini Swamynathan
Feb 27 U.S. stocks looked set to open slightly
lower on Monday as investors paused to assess Wall Street's
recent record-setting run.
Investors will be closely watching President Donald Trump's
address to a joint session of Congress on Tuesday evening for
clues on his proposed tax reform and his plans to overhaul the
Affordable Healthcare Act.
Trump's promise a few weeks ago of a "phenomenal" tax
announcement helped rekindle a post-election rally, driving the
main U.S. markets to record highs.
But since then, markets have traded range-bound amid caution
due to sparse details on Trump's agenda. Utilities and telecom
services stocks - traditionally defensive plays of the S&P 500
index - outperformed the other sectors last week.
The Dow Jones Industrial Average hit its 11th
straight record close on Friday, despite just a 0.05 percent
"The market activity suggests another mixed session today as
investors await the key events of the week," Peter Cardillo,
chief market economist at First Standard Financial wrote.
Dow e-minis were down 15 points, or 0.07 percent at
8:31 a.m. ET, with 28,798 contracts changing hands.
S&P 500 e-minis were down 1.5 points, or 0.06
percent, with 179,384 contracts traded.
Nasdaq 100 e-minis were down 10.5 points, or 0.2
percent, on volume of 27,353 contracts.
Among stocks, electric carmaker Tesla slipped 3.1
percent to $249 in premarket trading after Goldman Sachs
downgraded the company's stock to "sell" from "neutral" and
lowered its price target.
Apple edged up 0.2 percent after Warren Buffett
told CNBC that Berkshire Hathaway had bought 120
million shares of the iPhone maker this year.
La Jolla Pharmaceutical jumped 30 percent to $25.76
following the success of its lead experimental drug in a
Shutterstock dropped 11 percent to $46 after the
stock image provider reported quarterly revenue that missed
analysts' average estimate.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by