US STOCKS-Wall St set to open higher day after selloff

martes 29 de septiembre de 2015 09:16 GYT

* Consumer confidence expected to dip in Sept

* Goldman expects 2015 sales growth for S&P 500 cos to shrink

* Futures up: Dow 36 pts, S&P 7.25 pts, Nasdaq 16.5 pts (Adds quote, updates prices)

By Abhiram Nandakumar and Sweta Singh

Sept 29 (Reuters) - U.S. stocks looked set to open higher on Tuesday following a sharp selloff the previous day, offering some hope that the market may be stabilizing.

Wall Street closed sharply lower on Monday as waning demand from China pressured raw material prices and a selloff in biotech stocks rattled investors.

Commodity prices edged up on Tuesday but held to their multi-year lows, sending global stocks to their lowest in more than two years.

"There is a bit of a relief rally and there appears to be an anaemic balance after yesterday's heavy selloff," said Adam Sarhan, chief executive of Sarhan Capital in New York.

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.   Continuación...