US STOCKS-Futures flat as Wall St eyes 3 weeks of gains

                                

                                
 * DuPont extends $6.1 bln Danisco bid
                                
 * Campbell Soup cuts forecast, shrs fall
                                
 * Futures: Dow off 6 pts, S&P 0.4 pt, Nasdaq off 3.75 pts
                                
 * For up-to-the-minute market news see [STXNEWS/US]
 (Adds Campbell earnings)
                                
 By Edward Krudy
                                
 NEW YORK, Feb 18 (Reuters) - U.S. stock index futures were
little changed on Friday after recent advances pushed indexes
to multi-year highs and as Wall Street eyed a third week of
gains.
                                
 The S&P 500, up 4.2 percent so far this month, has doubled
in less than two years, the quickest 100 percent jump since the
Great Depression.
                                
 However, volume has been light in the most recent leg of
the rally, with just 6.7 billion shares changing hands Thursday
on the New York Stock Exchange, NYSE Amex and Nasdaq combined
-- the second lowest total so far in 2011.
                                
 "I've never seen a market like this," said Paul Mendelsohn,
chief investment strategist at Windham Financial Services. A
market watcher for 35 years, he is taking profits in every area
but commodities.
                                
 "No matter where we start out in the morning, buyers come
in," he said. "I'm showing by every technical and quantitative
standard I have, this market is at extreme levels."
                                
 S&P 500 futures <SPc1> were off 0.4 point and below 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 <DJc1> dropped 6
points, and Nasdaq 100 futures <NDc1>lost 3.75 points.
                                
 "Everyone I know wants to get into this market suddenly,"
said Mendelsohn. "They've seen it go up, and they want to be in
it."
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  For ANALYSIS-Is this bull market for real?, see
  [ID:nN16292615]
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 China raised banks' required reserves by 50 basis points on
Friday, showing no let-up in the government's campaign to stamp
out stubbornly high inflation.
                                
 A Group of 20 meeting in Paris will be on investors' radar
screens, as the world's top central bankers take center stage
on Friday ahead of the two-day event charged with tackling
global imbalances. For details, see [ID:nLDE71H0AV]
                                
 Political unrest in the oil-producing Middle East and North
Africa region is also likely to be closely monitored, as crowds
in Libya, Yemen, Iran and Bahrain took to the streets in
anti-government protests. [ID:nLDE71G28W]
                                
 Chemicals group DuPont <DD.N> extended its 33.4 billion
crown ($6.1 billion) offer for Danish food and enzymes group
Danisco <DCO.CO> to April, hoping to gain more acceptances as
it awaited regulatory approvals. [ID:nLDE71H0DN]
                                
 Campbell Soup Co <CPB.N> reported lower quarterly profit
and cut its full-year forecast, hurt by declining U.S. sales.
The shares fell 3 percent to $33.85. [ID:nN18208053]
  (Editing by Jeffrey Benkoe)