US stocks futures flat after selloff, HP puts focus on tech

NEW YORK, Nov 22 (Reuters): US stock index futures were little changed on Tuesday as persistent concerns over Europe kept investors on edge after four days of market losses. The ongoing debt crisis in the euro zone along with worries over how the United States will tackle its ballooning debt have sparked steep equity losses. The S&P 500 fell almost 2 per cent on Monday while the Dow turned negative for the year. Last week, the S&P recorded its worst week in two months. The FTSEurofirst 300 rose as much as 0.7 per cent but later pared gains in a volatile session after yields in a Spanish government debt auction rose to their highest in 14 years. Technology shares will be in focus a day after Hewlett-Packard Co projected fiscal 2012 earnings of at least $4 per share versus estimates of $4.54. The Dow component also reported a steep drop in quarterly profit. The stock fell 2.1 per cent to $26.30 in light premarket trading. S&P 500 futures rose 1.4 points and were slightly above 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 3 points, and Nasdaq 100 futures fell 5.75 points.