US STOCKS-Wall St set to open higher on jobs data

Wall Street was set to open higher on Thursday after data showed labor market weakened in June, indicating that the U.S. Federal Reserve could hold off on raising interest rates in September. If anything, it buys the Fed a little more time before the first rate hike," said Wilmer Stith, a fixed income portfolio manager at Wilmington Trust in Baltimore. The Fed has said that it will raise rates only if it sees signs of a sustained recovery in the economy.