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Futures: Dow up 0.1%, S&P 500 and Nasdaq about flat

July 12 (Reuters) - Futures tied to the S&P 500 and the

Nasdaq 100 indexes paused near record levels on Friday ahead of

results from JPMorgan ( JPM ), Citigroup ( C/PN ) and Wells Fargo that will throw

second-quarter earnings season into high gear.

JPMorgan Chase ( JPM ), the largest U.S. lender, is expected

to report a decline in quarterly profit, with analysts expecting

large lenders to set aside more money to cover deteriorating

loans.

Shares of both JPMorgan ( JPM ) and Citigroup ( C/PN ) were marginally

down ahead of results.

As the S&P 500 and Nasdaq scale new peaks,

investors are hoping for strong profit growth from companies

beyond the heavyweight tech names such as Nvidia ( NVDA ) so

that the U.S. stocks rally can broaden out.

A rotation out of high-flying large cap stocks in favor of

small-cap shares knocked back the tech-laden Nasdaq by nearly 2%

on Thursday after a surprise fall in U.S. consumer prices

solidified bets of a September interest rate cut.

Traders now see an 86% chance of a rate cut in September, up

from 72% a week ago, according to CME Group's FedWatch Tool.

For further evidence of cooling inflation, investors will

look to producer prices data for June and the University of

Michigan's consumer survey data later in the day.

At 04:46 a.m., Nasdaq 100 E-minis fell 9.25 points,

or 0.05%, and S&P 500 E-minis rose 4.75 points, or

0.08%. The Dow E-minis gained 39 points, or 0.1%.

Tesla dipped 1.4% as UBS downgraded the electric

vehicle maker to "sell".

U.S. regional lender Bank of New York Mellon ( BK ) and

industrial supplies maker Fastenal ( FAST ) are also scheduled

to report.

(Reporting by Medha Singh in Bengaluru; Editing by Saumyadeb

Chakrabarty)