US STOCKS-Wall St set to open lower as oil hits 7-year low
* U.S. consumer spending rises sharply in November
* Fed to decide on interest rate hike next week
* DuPont, Dow Chemical fall after agreeing to merge
* Futures down: Dow 156 pts, S&P 14 pts, Nasdaq 36 pts (Adds details, comment, updates shares)
By Tanya Agrawal
Dec 11 (Reuters) - U.S. stocks looked set to open sharply lower on Friday as crude oil prices plumbed levels not seen in seven years on growing oversupply concerns.
The steep drop in oil prices adds to investor uncertainty as the U.S. Federal Reserve prepares to raise interest rates for the first time since June 2006 at its meeting next week.
Adding to the somber mood, China's yuan fell to its lowest in 4-1/2 years on concerns about the country's slowing economy and expectations of a U.S. rate hike.
Global shares were lower amid concerns that weakness in the Chinese currency could weigh on the global economy and on companies with strong export ties to China. Continuación...