Wall Street set to open slightly higher

U.S. stocks were set to open slightly higher on Monday, the first trading day of the month, as the chances of a near-term interest rate hike faded following weak economic growth data last week. The S&P 500 index hit a new intra-day high on Friday for the seventh time in a month, while the Nasdaq ended July with a rise of 6.6 percent. Growth in U.S. gross domestic product in the second quarter came in below expectations, fuelling speculation that the Federal Reserve may not pull the trigger o