US STOCKS-Wall St set to open flat as investors keep off risk

miércoles 23 de marzo de 2016 08:54 GYT

* Nike down after revenue misses estimates

* Futures down: Dow 8 pts, S&P 0.25 pts, Nasdaq 0.05 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

March 23 (Reuters) - Wall Street was set to open little changed on Wednesday as investors backed off risk in a week marred by the attacks in Brussels and shortened by the Good Friday holiday.

Signs of improving business sentiment at the world's major economies helped European markets recover, but Asian shares fell as investors remained cautious.

Oil prices were slightly lower after data showing an increase in U.S. stockpiles last week rekindled concerns about a global glut.

The S&P 500 and the Dow Jones industrial average held onto meager gains for the year after a five-week rally helped the market recover a steep selloff at the start of the year.

"We've seen a tremendous run-up largely related to the fact that the world didn't end after all, but it is hard to see where we get the kind of improvement from here which would drive the market sustainably higher," said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.

At 8:25 a.m. ET (1225 GMT), Dow e-minis were down 8 points, or 0.05 percent, with 25,973 contracts changing hands. S&P 500 e-minis were down 0.25 points, or 0.01 percent, with 133,314 contracts traded. Nasdaq 100 e-minis were up 0.5 points, or 0.01 percent, on volume of 17,254 contracts.   Continuación...