US STOCKS-Wall St set to open up after 'dovish' Fed minutes

viernes 9 de octubre de 2015 08:55 GYT

* Fed minutes show policymakers in no rush to raise rates

* Tesla shares down after Barclays cut rating on stock

* Futures up: Dow 48 pts, S&P 5.5 pts, Nasdaq 9.25 pts (Adds details, comments, updates prices)

By Abhiram Nandakumar

Oct 9 (Reuters) - Wall Street was set to open slightly higher on Friday, a day after the S&P 500 closed at a seven-week high as investors bet the Federal Reserve would keep rates at near-zero levels until at least next year.

The minutes of the Fed's September meeting, released on Thursday, indicated further signs of dovishness, with policymakers concerned about a global economic slowdown weighing on America, even before weak September jobs data.

"It was more a case of an abundance of caution rather than worry," said Brad McMillan, chief investment officer for Commonwealth Financial Network.

"They are actually pretty comfortable with the U.S. economy. They don't see anything to worry about, which is a remarkable thing to say," McMillan said. He expects the stock market to finish the week on a high note.

U.S. stocks closed higher on Thursday, while global stocks rallied on Friday after the Fed minutes. Brent crude oil was on track for its biggest weekly rise since March 2009, while the dollar fell.   Continuación...