US STOCKS-Wall St set to open flat as rough week draws to a close

viernes 1 de julio de 2016 08:53 GYT

* S&P, Dow rise in 2nd qtr

* U.S. exchanges closed on Monday for Independence Day

* Futures up: Dow 9 pts, S&P 0.5 pts, Nasdaq 1.25 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 1 (Reuters) - Wall Street looked set to open little changed on Friday, the first day of the third quarter, as investors took a breather heading into a long weekend after a tumultuous week.

U.S. stock index futures swung between small gains and losses as investors looked beyond the effect of Britain's vote to leave the European Union.

The vote sparked a two-day panic selloff, but markets clawed back their losses in the last three days. Wall Street closed higher on Thursday on prospects that the Bank of England could cut interest rates to support the British economy.

"I think we are going to have a slow drift up," said Brad McMillan, chief investment officer of Commonwealth Financial Network in Massachusetts.

"Everybody is at the beach already and I don't expect a lot of action, in the absence of some kind of market-moving information."   Continuación...