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MARKETS LIVE BLOG:

S&P 500, NASDAQ FUTURES NEAR RECORD HIGH WITH SENTIMENT BUOYANT

A tech-fuelled rally has led Wall Street to revise its year-ahead targets for the S&P 500

Office Depot to pay $3.4 million over office chair defects

Reuters

WASHINGTON (Reuters) - The U.S. Consumer Product Safety Commission on Wednesday said Office Depot Inc <ODP.O> has agreed to pay $3.4 million in fines over its failure to report defects in two models of office chairs.

Office Depot received complaints that the chairs' seat backs failed, causing back injuries, the regulator said. The company neither admitted nor denied the commission's allegations.

(Reporting by Emily Stephenson; Editing by Will Dunham)