U.S. stock-index futures were little changed, after the Standard & Poor’s 500 Index rebounded from its biggest weekly loss in three months, as investors awaited Federal Reserve Chair Janet Yellen’s testimony to Congress. JPMorgan Chase & Co. (JPM) rose 2.1 percent after reporting better-than-expected earnings. Applied Materials Inc. climbed 1.3 percent in early New York trading as B. Riley & Co. upgraded the shares. Plug Power Inc. jumped 10 percent after FBR Capital Markets advised investors to buy the stock. IAC/InterActiveCorp (IACI) may move after announcing the acquisition of the dating and media assets of This Life Inc.’s HowAboutWe service. Futures on the S&P 500 expiring in September gained less than 0.1 percent to 1,971.5 at 7:34 a.m. in New York. The equity benchmark added 0.5 percent yesterday as Citigroup Inc. rallied on better-than-forecast earnings and Internet shares rebounded. Dow Jones Industrial Average futures rose 23 points, or 0.1 percent, to 17,001 today. “Yellen’s testimony will of course gather the market’s attention,� Witold Bahrke, who helps oversee $55 billion as a senior strategist at PFA Asset Management in Copenhagen, wrote in an e-mail. “Any signal of a less dovish Fed will scare markets, so a streak of strong recent U.S. data makes markets nervous that Yellen will come up with more hawkish rhetoric. This is dampening market sentiment.� Goldman Sachs Group Inc. and Yahoo! Inc. are among those reporting financial results today. Some 58 companies on the S&P 500 (SPX) post earnings this week. Profit for the gauge’s members increased 4.5 percent in the second quarter, and revenue rose 3.1 percent, according to estimates compiled by Bloomberg. Yellen Testimony Yellen delivers her semi-annual monetary-policy testimony to the Senate banking committee today, and to the House Committee on Financial Services tomorrow. She said last month that the Fed will keep interest rates low for a considerable time after ending its asset-purchase program, even as the economy and labor market improve. A report at 8:30 a.m. in Washington may show U.S. retail sales rose 0.6 percent in June, compared with a 0.3 percent increase in May, according to the median estimate of economists surveyed by Bloomberg. The New York Fed’s Empire manufacturing index probably declined in July, a separate release may show. JPMorgan rose 2.1 percent to $57.46 in early New York trading. The biggest U.S. bank by assets reported second-quarter adjusted earnings per share of $1.59. The average estimate of analysts surveyed by Bloomberg was for adjusted profit of $1.31 a share. Applied Materials, a developer of semiconductor wafer fabrication equipment, advanced 1.3 percent to $23.35 after B Riley upgraded the shares to buy from neutral. Plug Power Plug Power jumped 10 percent to $4.61 in early New York trading. FBR rated the developer of fuel-cell systems new outperform, similar to a buy recommendation, with a price estimate of $8 on the shares. GoPro Inc. climbed 5.6 percent to $38.89 in early New York trading. JMP Securities LLP started coverage of the company, whose cameras let surfers, skiers and sky divers record their exploits, with a rating of market perform, similar to a buy recommendation. Lions Gate Entertainment Corp. rose 4.5 percent to $30.03 in early New York trading. The developer and distributor of film entertainment content and Alibaba Group Holding Ltd. announced an agreement to stream Hollywood movies and television shows as China’s biggest e-commerce operator expands its video content. IAC/InterActiveCorp may be active. The Internet holding company controlled by billionaire Barry Diller bought the dating and media assets of This Life’s HowAboutWe service, which suggests things to do on romantic outings. To contact the reporter on this story: Jonathan Morgan in Frankfurt at jmorgan157@bloomberg.net To contact the editors responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net Alan Soughley, Srinivasan Sivabalan

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