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Aug 28 - Wall Street's main indexes were set for a higher open on Monday ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve's interest rate path, while China's measures to boost its markets provided further support.
"Investors were looking for perhaps more guidance or hints about the Fed's next step and unfortunately there were no new thoughts or strategies disclosed," Peter Andersen, founder of Andersen Capital Management, said. Investors are also bracing for a potentially volatile September as the market faces key economic data reports, a Fed meeting and worries over a possible government shutdown during a month of historically muted equity performance.
Yield on the 10-year Treasury note was last down at 4.22%, cushioning major growth stocks, with Tesla up 2.1% and leading the advance.
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