US STOCKS-Wall St set to open lower as weak oil weighs
* 179,000 private sector jobs added in July vs est. 170,000
* Kate Spade drops on weak profit, forecast cut
* Time Warner rises on profit beat, Hulu stake
* Futures down: Dow 24 pts, S&P 2.5 pts, Nasdaq 5.75 pts (Adds details, comments, updates prices)
By Yashaswini Swamynathan
Aug 3 (Reuters) - Wall Street was set to open slightly lower on Wednesday as weak oil prices overshadowed strong hiring data from the private sector.
The U.S. private sector added 179,000 jobs in July, beating estimates of 170,000, the ADP national employment report showed. The report is seen as a precursor to the more comprehensive jobs data on Friday.
If the labor market is able to build on its recent strength, it could make the case for the Federal Reserve to raise interest rates later this year.
U.S. crude prices clawed back some losses but remained below $40 per barrel amid oversupply fears. Continuación...