* Moody's warns on Spain credit rating
* US consumer prices, industrial production data on tap
* Futures off: S&P 3.5, Dow 19 pts, Nasdaq 7 pts
* For up-to-the-minute market news see [STXNEWS/US]
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By Angela Moon
NEW YORK, Dec 15 (Reuters) - U.S. stock index futures dipped on Wednesday after a warning for Spain about its credit rating, rekindling fears about euro-zone debt.
Credit rating agency Moody's said it could downgrade Spain's debt and that it was concerned about the country's high funding needs. For details, see [ID:nLDE6BE110]
"The market has been tackling the euro-zone issue since April, and we all know that these countries are more credit-worthy than what these ratings say," said Jack DeGan, chief investment officer at Harbor Advisory Corp in Portsmouth, New Hampshire.
"But with the S&P already up so much and the latest outlook from the Fed, we just don't have a catalyst to move the market higher this morning."
S&P 500 futures
Wall Street ended mostly flat on Tuesday on a late-day sell-off after another cautious assessment on the strength of the economy from the U.S. Federal Reserve.
U.S. economic data due later includes the November consumer price index at 8:30 a.m. (1330 GMT). Economists in a Reuters survey expect a 0.2 percent month-over-month rise, unchanged from October.
The New York Federal Reserve will release its Empire State Manufacturing Survey for December, also at 8:30 a.m.
The Fed releases industrial production and capacity utilization data for November at 9:15 a.m. (1415 GMT). Economists are expecting a 0.3 percent rise in production from the prior month and a reading of 75.0 percent for capacity utilization.
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