US STOCKS-Wall St to rise as energy shares track oil rebound

lunes 15 de diciembre de 2014 10:02 GYT

* Petsmart to be acquired by private equity consortium

* Energy shares seen rising along with crude prices

* Futures up: Dow 87 pts, S&P 12 pts, Nasdaq 27 pts (Updates prices, adds data)

By Rodrigo Campos

NEW YORK, Dec 15 (Reuters) - U.S. stocks were set to rise at the open on Monday, following the worst week for the S&P 500 in more than two years, with investors focused on crude oil prices which earlier hit a fresh 5-1/2-year low.

Stocks in the energy sector are likely to rise as Brent and U.S. crude rebounded, but futures gave up some of their gains as crude prices also trimmed their advance. The Select Sector Energy SPDR exchange-traded fund gained 0.7 percent in premarket trading.

The New York Federal Reserve's gauge of area manufacturing turned negative for the first time in almost two years. The Fed's gauge of industrial output and capacity utilization is due at 9:15 a.m. (1415 GMT).

Shares of pet supply retailer PetSmart rose 4.8 percent in premarket trading after it agreed to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year.

Workers at Amazon warehouses in Germany began a three-day strike for better pay and work conditions as the online retailer raced to ensure holiday orders are delivered on time. In early New York trading, Amazon shares were bid slightly higher than the stock's close on Friday.   Continuación...