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US Stocks: Wall Street set for higher open as tech stocks rebound, oil drops

U.S. stock indexes were set to open higher on Wednesday as technology and growth stocks rebounded, while weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation. An ADP National Employment report showed private payrolls increased by 132,000 jobs in August, falling short of economists’ forecast of job growth of 288,000, according to a Reuters poll. Any signs of a cooling job market would be welcomed by investors as it could ease the pressure on the Federal Reserve to stick to outsized rate hikes. “We continue to believe that the U.S. economy is relatively …

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