US STOCKS-Wall St set to open slightly lower ahead of Fed meet

lunes 14 de marzo de 2016 08:54 GYT

* Starwood rises after getting unsolicited buyout proposal

* Crude oil prices slip more than 2 pct

* Futures down: Dow 21 pts, S&P 4.5 pts, Nasdaq 10.25 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

March 14 (Reuters) - Wall Street was set to open slightly lower on Monday as investors pause ahead of a busy week that includes the release of a slew of economic data and the U.S. Federal Reserve's monetary policy meeting.

Crude prices, which have dictated the direction of the stock market this year, fell more than 2 percent after Iran quashed hopes of a quick deal by major producers to freeze output.

Steadying oil prices and data pointing to strengthening U.S. economy have helped stocks recover from a steep selloff at the start of the year. The S&P 500 is now down only 1 percent in 2016, after falling as much as 10.5 percent.

"You have a little pullback this morning and I don't see it as anything more than that, unless something material, i.e. the Fed goes back on their word, come Wednesday," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.

"Right now, it looks to be like a healthy pullback and a little profit-taking off the strength on Friday," Bakhos said.   Continuación...