US STOCKS-Wall St set for higher open as oil rally continues

miércoles 8 de junio de 2016 08:57 GYT
 

* Oil prices above $50 for second straight day

* AbbVie falls on Morgan Stanley downgrade

* Gold price rise boost miners premarket

* Futures up: Dow 35 pts, S&P 4 pts, Nasdaq 8.75 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

June 8 (Reuters) - Wall Street was set for a slightly higher open on Wednesday, a day after the S&P closed at a near 11-month high, as oil prices rose again and chances of an interest rate hike in the near term faded.

Oil held above $50 for the second consecutive day on supply disruptions in Nigeria, a drop in U.S. crude inventories and strong demand in China.

Gains in energy stocks on Tuesday pushed the Dow above the 18,000 mark for the first time since April, while the S&P rose to within 23 points of its record high.

The S&P has gained 3.3 percent since the start of the year. Investors are now on the lookout for new catalysts that could drive the index beyond the record high it touched in May 2015.   Continuación...