Stock futures point to a lower open for the S&P 500, and a flat open for the Nasdaq. Weighing on sentiment is reports that KKR Financial Holdings (KFN), the publicly traded credit fund of Kohlberg Kravis Roberts & Co., is delaying its repayment of asset-backed commercial paper debt for the second time. Bloomberg.com reports KKR Financial is involved in restructuring talks with its creditors. A strong earnings and outlook from Hewlett-Packard (HPQ) is helping to lift tech stocks, which is causing the Nasdaq to outperform on a relative basis. Futures may go on the move at 8:30 ET, with the release of January CPI and Housing Starts.
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