US STOCKS-Wall St set to open with small gains; Yellen awaited

martes 21 de junio de 2016 09:03 GYT

* Fed Chair Yellen to speak at 10:00 a.m. ET

* Futures up: Dow 37 pts, S&P 5.75 pts, Nasdaq 14 pts

* Lennar up on quarterly profit beat (Adds details, comments, updates prices)

By Yashaswini Swamynathan

June 21 (Reuters) - Wall Street was set to open higher on Tuesday ahead of Federal Reserve Chair Janet Yellen's comments on the economy and Britain's vote on its European Union membership.

Yellen is expected to speak on the central bank's monetary policy before the Senate Banking Committee at 10:00 a.m. ET (1400 GMT) in Washington. She will also attend a meeting at 4:30 p.m. ET with other Fed officials.

"The markets like it when Janet Yellen speaks and in this case it looks like the weak May jobs number really spooked her. Investors are expecting her to be accommodative and allow the markets to inflate a little bit," said Keith Bliss, senior vice-president at Cuttone & Co in New York.

The central bank left interest rates unchanged last week and sounded caution after surprisingly weak monthly hiring data put the economy's recovery in question.

Wall Street, which rallied at the open on Monday, closed slightly higher as opinion polls showed fewer chances of Britain leaving the European Union.   Continuación...