US STOCKS-Wall St set to open lower after consumer spending data
* Consumer spending increases more than expected in Aug
* Alcoa jumps after company says to split up
* Futures down: Dow 71 pts, S&P 8.25 pts, Nasdaq 18.50 pts (Adds quotes, updates prices)
By Abhiram Nandakumar
Sept 28 (Reuters) - U.S. stock index futures were lower on Monday after data showed a better-than-expected increase in consumer spending in August, adding to the case for an interest rate increase this year.
The consumer spending data followed stronger-than-expected second-quarter GDP data last week.
This week will culminate with September non-farm payrolls data on Friday. Continued improvement in U.S. employment conditions could help convince the Fed to raise rates for the first time since 2006.
Several Federal Reserve officials are scheduled to speak during the week, including Fed Chair Janet Yellen and New York Fed President William Dudley, both on Wednesday.
Yellen has said she expects rates to be raised this year. Continuación...