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US STOCKS-Wall St set to dip at open, Amazon weighs

Reuters - UK Focus

* Durable goods data better than expected

* Amazon shares tumble after larger-than-expected loss

* Baidu (Xetra: A0F5DE - news) jumps as net profit soars

* Futures off: Dow 21 pts, S&P 3 pts, Nasdaq 13 pts (Updates prices, adds data, Starbucks)

By Rodrigo Campos

NEW YORK, July 25 (Reuters) - U.S. stocks were set to dip at the open on Friday, weighed by weak results including those from Amazon, with the S&P 500 expected to remain near its record high and within striking distance of 2,000.

* Amazon shares tumbled more than 10 percent in premarket trading after investment in new businesses cut into earnings and the company reported a much larger-than-expected loss in the second quarter.

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* Orders for long-lasting U.S. manufactured goods rose more than expected in June, further feeding expectations of a strong economic rebound in the second quarter.

* S&P 500 e-mini futures were down 3 points and fair value - a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract - indicated a lower open. Dow Jones industrial average e-mini futures fell 21 points and Nasdaq 100 e-mini futures lost 13 points.

* The S&P 500 closed Thursday at a record high and was within 0.5 percent of hitting 2,000.

* Visa (Xetra: A0NC7B - news) shares fell 3 percent in premarket trading after the world's largest credit and debit card company cut its revenue forecast for the year.

* Pandora Media (NYSE: P - news) dropped 10.4 percent before the opening bell, after it forecast adjusted profit below analysts' estimates for the current quarter.

* Starbucks fell 3.3 percent in premarket trading even as quarterly sales at established stores in its Americas region grew a stronger-than-expected 6 percent.

* On the upside, Baidu shares surged 8.2 percent in premarket trading after China's biggest Internet search company blew past Wall Street's targets with a 34.1 percent jump in quarterly net profit, helped by a surge in mobile revenue.

* RF Micro Devices (NasdaqGS: RFMD - news) rose 6.7 percent in premarket trading after it forecast quarterly results above market expectations on higher demand for its chips that connect devices such as Apple (NasdaqGS: AAPL - news) 's and Samsung's smartphones to networks. (Editing by Bernadette Baum)