US STOCKS-S&P 500 looks set to touch new record high
* S&P 500 closed 5 pts shy of all-time high on Friday
* Alcoa to kick of 2nd-qtr earnings after markets close
* Oil prices fall 0.7 pct
* Futures up: Dow 69 pts, S&P 7.25 pts, Nasdaq 21.5 pts (Adds details, comments, updates prices)
By Yashaswini Swamynathan
July 11 (Reuters) - The S&P 500 looked set to hit a record high on Monday as stock index futures rose after a stunning monthly jobs report last week boosted confidence in the U.S. economy.
U.S. stock markets rallied on Friday after data showed the economy added the most number of jobs in eight months in June, with the S&P closing just 5 points shy of its record high of 2,134.72.
"Reaching a new high may see money moving from the sidelines of safety trades, like Treasury bonds and gold, back into the equity markets," said Robert Pavlik, chief market strategist at Boston Private Wealth.
"The emphasis of the markets will be how fast and how long the S&P remains above the record today." Continuación...