US STOCKS-Wall Street set to open little changed ahead of data

jueves 1 de septiembre de 2016 08:58 GYT
 

* Jobless claims rose to 263,000 last week vs est. 265,000

* Nonfarm payrolls data due on Friday

* Futures up: Dow 37 pts, S&P 1 pt, Nasdaq 7.75 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan and Mamidipudi Soumithri

Sept 1 (Reuters) - Wall Street was set to open little changed on Thursday as investors awaited a set of economic data including Friday's jobs report.

The stress on data has become especially apparent after Federal Reserve Chair Janet Yellen said last week that solid performance in the labor market has strengthened the case for an interest rate hike.

Investors will assess Friday's monthly nonfarm payrolls numbers to see whether robust hiring from June continued through August. A Reuters survey of economists shows about 180,000 jobs were likely added in the month.

While the markets seem to be getting comfortable with the prospects of higher rates, the biggest question on everybody's mind is the timing of the next increase.

A host of Fed officials have hinted that a rise could come as early as this month, but analysts have said the Fed would likely wait until December, given inflation rates running below its 2 percent target and the upcoming U.S. presidential elections in November.   Continuación...