US STOCKS-Wall St set to open higher, focus on Fed

martes 24 de mayo de 2016 08:55 GYT

* Best Buy down on weak forecast

* Toll Brothers rises as revenue beats expectations

* Housing data expected at 10 a.m. ET

* Futures up: Dow 88 pts, S&P 11.25 pts, Nasdaq 25 pts (Adds details, comment, updates prices)

By Tanya Agrawal

May 24 (Reuters) - Wall Street looked set to open higher on Tuesday even as investors continue to focus on the timing of future interest-rate hikes.

Last week, investors were surprised at central bank minutes that opened the door to a rate hike as soon as June. Investors will listen for fresh clues to the U.S. Federal Reserve's intentions when Chair Janet Yellen speaks on Friday.

"Investors are looking for direction in terms of the health of the economy and the Fed's next move. Until we get that, the market will remain in a tight trading range," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

Several Fed officials struck hawkish tones in separate speeches on Monday, calling for two-three rate hikes in 2016 if the economic data supports it.   Continuación...