US STOCKS-Wall St set to open slightly higher

lunes 1 de agosto de 2016 09:02 GYT

* ISM manufacturing data expected at 10 a.m. ET

* SolarCity falls after Tesla says will merge the companies

* Fleetmatics jumps after Verizon's $2.4 bln buyout offer

* Futures up: Dow 31 pts, S&P 2.5 pts, Nasdaq 6 pts (Adds details, comment, updates prices)

By Tanya Agrawal

Aug 1 (Reuters) - U.S. stocks were set to open slightly higher on Monday, the first trading day of the month, as the chances of a near-term interest rate hike faded following weak economic growth data last week.

The S&P 500 index hit a new intra-day high on Friday for the seventh time in a month, while the Nasdaq ended July with a rise of 6.6 percent.

Growth in U.S. gross domestic product in the second quarter came in below expectations, fuelling speculation that the Federal Reserve may not pull the trigger on rates anytime soon.

The chance of a hike by the year end fell to about 33 percent after the GDP numbers were released, according to CME Fedwatch, down from about 50 percent early last week.   Continuación...