US STOCKS-Wall St set for modest gains at open after previous day's sell-off

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* Trump predicts swift end to trade war with China
* Boeing rises as FAA sees approval of 737 MAX soon
* Foot Locker, Autodesk fall on missing quarterly profit
* Futures up: Dow 0.43%, S&P 0.45%, Nasdaq 0.35%

(Updates prices, adds comments)
By Shreyashi Sanyal
May 24 (Reuters) - U.S. stocks were set to open modestly
higher on Friday after a sell-off, on cautious optimism after
President Donald Trump predicted a swift end to the tariff war
with China and a resolution to complaints against Huawei
Technologies Co Ltd.
Trump said on Thursday that Huawei HWT.UL could be
included in the U.S.-China trade deal. However, no high-level
talks have been scheduled since the last round of negotiations
in Washington two weeks ago. Trump will meet his Chinese counterpart Xi Jinping at the
G20 meeting next month in Japan. Earlier this week, while Washington temporarily relaxed its
ban on Huawei, there were reports that it was planning a similar
ban on another Chinese firm, making investors worry that such
moves would have a lasting effect on the global technology
supply chain.
"I don't see enormous amounts of positive news out there
although there is optimism about the trade discussions," said
Randy Frederick, vice president of trading and derivatives for
Charles Schwab in Austin, Texas.
Industrial bellwethers Boeing Co BA.N , Caterpillar Inc
CAT.N and 3M Co MMM.N rose in premarket trading.
Boeing shares rose 1.1% after Reuters reported the Federal
Aviation Administration expects to approve Boeing's 737 MAX jet
to return to service as soon as late June.
"We've had a turbulent week. Investors are stepping back at
these levels, assessing opportunities entering the long
weekend," said Andre Bakhos, managing director at New Vines
Capital LLC in Bernardsville, New Jersey.
"The trade talks are not going as smoothly as one would have
liked, but there is going to be some short covering as well."
At 8:41 a.m. ET, Dow e-minis 1YMc1 were up 110 points, or
0.43%. S&P 500 e-minis ESc1 were up 12.75 points, or 0.45% and
Nasdaq 100 e-minis NQc1 were up 25.25 points, or 0.35%.
Markets shrugged off data that showed new orders for
U.S.-made capital goods fell more than expected in April,
further evidence that manufacturing and broader economy were
losing steam. The daily exchanges between the United States and China have
kept investors on edge, putting the S&P 500 index .SPX on
track to post its biggest monthly decline since the December
sell-off.
Following a sell-off on Thursday, the S&P 500 is now 4.7%
off its all-time high hit on May 1.
Among other stocks, Foot Locker Inc FL.N dropped 9.4%
after the footwear retailer missed quarterly profit and
same-store sales estimates.
Autodesk Inc ADSK.O fell 7.6% after the software maker
reported quarterly earnings below expectations.
Total System Services Inc TSS.N jumped 4.9% after
Bloomberg reported Global Payments Inc GPN.N has held
preliminary tie-up talks with the payment solutions provider.
Global Payments' shares rose 1.4%. U.S. equity markets will be shut on Monday on account of
Memorial Day.