US STOCKS-Futures point to higher opening after selloff
* Futures up : Dow 56 pts, S&P 9.25 pts, Nasdaq 20.75 pts
By Abhiram Nandakumar
Sept 29 (Reuters) - U.S. stock index futures were up on Tuesday, a day after concerns about waning demand from China and a selloff in health care shares rattled investors and added to the uncertainty around the timing of a U.S. interest rate increase.
* Global stocks fell to their lowest in more than two years, reeling under pressure from weak raw material prices.
* Goldman Sachs said it expects sales growth for S&P 500 companies in aggregate to shrink this year for the first time in five years, hurt by slowing global growth and lower oil prices.
* The S&P 500 and the Nasdaq Composite Index have closed down for the past five sessions.
* The Nasdaq Biotechnology Index and the S&P 500 health care index fell for the seventh straight day, closing down more than 3.4 percent.
* Investors will be closely watching data expected to be released this week, culminating in nonfarm payrolls numbers on Friday, for clues on the health of the U.S. economy.
* A number of Federal Reserve officials are scheduled to speak at events this week, but mixed opinions on the timing of a rate hike is likely to add to investor jitters. Continuación...