US STOCKS-S&P 500, Nasdaq set to open higher after upbeat economic data

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* Tapestry jumps after earnings beat estimates
* Pinterest soars after results, lifting social media cos
* Apple, Amazon, Alphabet, Facebook rise ahead of results
* Futures: Dow dips 0.07%, S&P up 0.18%, Nasdaq up 0.57%

(Adds comment, details updates prices)
By Medha Singh and Shivani Kumaresan
Oct 29 (Reuters) - The S&P 500 and Nasdaq were set to open
higher on Thursday after data showed domestic economy grew at an
unrivaled pace in the third quarter as the government poured out
more than $3 trillion worth of pandemic relief.
A separate set of data showed weekly unemployment claims
fell more than expected in the latest week. The CBOE volatility index .VIX , however, hovered at a
15-week high as the White House coronavirus task force urged for
aggressive measures to curb the spread of the disease and on
anxiety over the outcome of the Nov. 3 presidential election.
Democratic challenger Joe Biden holds a comfortable lead
over President Donald Trump in national polls, but the race in
battleground states that will likely decide the election are
tighter than the national surveys. Stalled efforts in Washington over fresh stimulus and an
alarming rise in COVID-19 cases globally have put Wall Street's
main indexes on course for their worst week since March.
"People are worried that the shutdown in Europe is going to
spread to the United States although I think the chances of
another national shutdown are extremely low," said Robert
Pavlik, senior portfolio manager in New York.
At 8:46 a.m. ET, Dow e-minis 1YMcv1 were down 19 points,
or 0.07% and S&P 500 e-minis EScv1 were up 6 points, or 0.18%.
Nasdaq 100 e-minis NQcv1 were up 63.75 points, or 0.57% as
heavyweights Apple Inc AAPL.O , Amazon.com Inc AMZN.O and
Alphabet Inc GOOGL.O rose about 1% in premarket trading ahead
of their results after the closing bell.
Facebook Inc FB.O , which also reports later in the day,
gained 3.7%, riding on Pinterest Inc's PINS.N upbeat forecast
for sales growth that highlighted a rebound in ad spending.
Shares of the image-sharing company soared over 32.8%, also
driving gains of 1.3% in Snap Inc SNAP.N and 6.8% in Twitter
Inc TWTR.N .
Coach owner Tapestry Inc TPR.N jumped 10% after it beat
quarterly results estimates and forecast growth for the year as
demand for luxury handbags and apparel rebounds in China from
pandemic lows.