US STOCKS-Wall St set for higher open as Brexit grip loosens

miércoles 29 de junio de 2016 09:01 GYT

* U.S. consumer spending up 0.4 pct in May

* Bank, tech stocks rise

* Futures up: Dow 107 pts, S&P 12.25 pts, Nasdaq 26.5 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

June 29 (Reuters) - Wall Street was set to open higher for the second day on Wednesday as the initial panic surrounding Britain's vote to leave the European Union settled and investors sought bargains among beaten-down stocks.

The "Brexit" verdict on Friday sent shockwaves through global markets and wiped out about $3 trillion in a two-day selloff.

Banks and technology stocks - worst hit since the referendum - were up for the second day.

Oil prices marched higher on fears of a strike by oil workers in Norway. Gold prices rose indicating that investors were still cautious of the recovery.

"What we are seeing is a choppy market, and uncertainty will continue," said Ernie Cecilia, chief investment officer of Bryn Mawr Trust in Pennsylvania.   Continuación...