US STOCKS-Wall St set to open up as weekly jobless claims fall
* 4-week jobless claims average near 15-year low
* Kohl's down after results
* Shake Shack climbs after raising forecast
* Futures up: Dow 107 pts, S&P 12 pts, Nasdaq 31 pts (Adds details, comment, updates prices)
By Tanya Agrawal
May 14 (Reuters) - Wall Street was set to open higher on Thursday as weekly jobless claims fell, suggesting that the labor market was on solid footing even as the economy struggles to regain momentum.
Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 264,000 for the week ended May 9, while the 4-week unemployment average stayed near a 15-year low.
The market also got a boost as the yield on 10-year U.S. Treasury eased from Wednesday's five-month closing high of 2.28 percent, but analysts expect yields to remain high.
The recent jump in yields has made equities look more expensive in comparison to debt, keeping global share markets subdued. Continuación...