US STOCKS-Wall St set for slightly higher open
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By Abhiram Nandakumar
April 4 (Reuters) - Wall Street looked set to open slightly higher on Monday after a string of recent economic reports pointed to strength in the U.S. economy.
Adding to the sentiment were U.S. Federal Reserve Chair Janet Yellen's comments last week, urging caution on raising rates, given the risks from global economic conditions.
Data last week indicating strength in the U.S. labor market and a recovery in the manufacturing sector did little to change expectations for interest rate hikes by the Fed in 2016.
While the Fed's projections point to two rate hikes this year, traders expect only one, according to the CME Group's FedWatch program.
The reports and a rebound in oil prices in the past several weeks helped Wall Street recover from a steep selloff at the start of the year. The S&P 500 closed up marginally for the year on Friday. Continuación...