US STOCKS-Wall Street set to open higher on strong data, earnings

jueves 11 de agosto de 2016 08:40 GYT
 

* Weekly jobless claims fall to 266,000 from 269,000

* Department store stocks rise on Kohl's, Macy's results

* Alibaba jumps as revenue soars

* Futures up: Dow 54 pts, S&P 4 pts, Nasdaq 10.75 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Aug 11 (Reuters) - Wall Street was set to open higher on Thursday as strong labor market data and upbeat corporate earnings reports buoyed investor sentiment about U.S. economic growth.

The number of Americans applying for unemployment benefits slipped by 3,000 last week to 266,000 from the week earlier, continuing a trend of being below the 300,000 mark for the 75th consecutive week.

The data follows a set of robust labor market reports including last week's monthly payrolls numbers.

Kohl's kicked off the two-day earnings run of department store chains. The company's shares rose 9.5 percent to $41.65 premarket after its quarterly profit beat estimates.   Continuación...