U.S. stock-index futures declined, signaling the benchmark Standard & Poor’s 500 Index may retreat for the first time in five days after climbing to the highest level since June 2008. Walt Disney Co. rose 3.6 percent in German trading after reporting first-quarter profit that beat analysts’ estimates. Take-Two Interactive Software Inc. advanced 1.6 percent after narrowing its loss forecast. Futures on the S&P 500 expiring in March dropped 0.3 percent to 1,318.1 as of 10:28 a.m. in London. Dow Jones Industrial Average futures slid 0.2 percent to 12,177 after yesterday completing the longest winning streak since July, while Nasdaq-100 Index futures lost 0.2 percent to 2,357.75. Federal Reserve Chairman Ben S. Bernanke may say in a speech today the central bank plans to push ahead with its plan to buy $600 billion of Treasuries to boost the economy after saying on Feb. 3 that the U.S. needs to see faster job growth before policy makers can be assured the recovery has taken hold. “When the Dow has rallied 5 percent in a month, it is not unreasonable for investors to pause for reflection,” David Buik, a market strategist at BGC Partners Inc., said in e-mailed comments. There may also be “a bit of concern about what Bernanke might say this afternoon about the economy.” Economy, Earnings The S&P 500 has advanced 5.3 percent this year as better- than-forecast economic data and company earnings boosted confidence in the strength of the recovery. The gauge needs to rise 2.2 percent to 1,353.06 in order to complete a 100 percent rally from its March 2009 low. Northrop Grumman Corp., the largest maker of U.S. Navy vessels, Coca-Cola Co. and Polo Ralph Lauren Corp. are due to report earnings before New York trading opens today. More than 73 percent of the 309 companies in the S&P 500 that have reported quarterly results since Jan. 10 have topped analysts’ per-share profit predictions, according to Bloomberg data. Disney gained 3.6 percent to $42.67. The world’s biggest media company said first-quarter profit rose 54 percent, beating estimates, after an increase in attendance at its theme parks and advertising sales growth at the ESPN sports channel. Take-Two Interactive climbed 1.6 percent to $14.77 in German trading. The publisher of “Grand Theft Auto” video games narrowed its fourth-quarter loss forecast to 40 to 45 cents a share, from 50 to 60 cents previously. The average analyst estimate was for a loss of 51 cents a share. Third-quarter profit excluding some costs rose to 52 cents a share, exceeding the 34 cent average of 10 analysts surveyed by Bloomberg. To contact the reporter on this story: Jack Jordan in London at jjordan22@bloomberg.net To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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