US STOCKS-Wall St set to open lower after four-day run of gains

lunes 7 de marzo de 2016 09:56 GYT

* Micron Technology down after research downgrade

* Crude oil up more 1 pct

* Futures down: Dow 42 pts, S&P 7.5 pts, Nasdaq 18 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

March 7 (Reuters) - Wall Street was set to open lower on Monday after the S&P 500 and the Dow recorded their first four-day winning streak in about five months last week.

European stocks fell as a drop in copper prices hurt shares of mining companies, while China's reassurances over the weekend about the strength in its economy helped push Asian stocks higher.

Copper and zinc prices fell from four-month highs, hurt by a stronger dollar and investors booking profits.

U.S. stocks closed higher on Friday as employment data suggested the economy was recovering. However, the data was not strong enough for the Federal Reserve to consider an immediate increase in interest rates.

The Dow Jones industrial average closed above 17,000 for the first time since January, while the S&P 500 was just shy of 2,000, levels that traders consider psychologically important.   Continuación...