US STOCKS-S&P 500, Nasdaq set to rise at open as focus turns to factory surveys

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* Apple rises on reports of 75 mln 5G iPhones orders
* Zoom surges after raising annual revenue forecast
* Walmart advances after unveiling perks of membership plan
* Futures: Dow dips 0.11%, S&P up 0.19%, Nasdaq up 0.87%

(Adds comment, details; updates prices)
By Medha Singh and Devik Jain
Sept 1 (Reuters) - The S&P 500 was looking at a higher open
on Tuesday, with the tech-heavy Nasdaq on track to scale a new
peak as Apple climbed and positive manufacturing sector surveys
in China and Europe set the tone for upcoming U.S. factory
activity data.
Apple Inc AAPL.O rose 2.6% premarket, rising for the
second day after its stock split took effect, as a report said
the iPhone maker had asked suppliers to make at least 75 million
5G iPhones for later this year. Global stocks started September on a positive note after
China's factory activity showed expansion at the fastest clip in
nearly a decade in August and eurozone output also stayed strong
last month, strengthening views of an economic rebound.
MKTS/GLOB
ISM survey data at 10 a.m. ET (1400 GMT) is likely to show
U.S. manufacturing activity expanded slightly last month after
hitting a 1-1/2 year high in July. Investors will keep a close watch on the monthly U.S. jobs
report due on Friday amid signs the labor market's recovery is
stalling.
Wall Street's main indexes recorded their fifth straight
monthly gain on Monday, riding massive central bank support,
U.S. government aid and demand for tech-focused stocks.
"Investors are continuing to reward the ability to innovate
and adapt... not just to the tech companies, but those companies
that are in other industries that have been good users of
technology," said Stephen Lee, portfolio manager at Logan
Capital Management in Newtown Square, Pennsylvania.
The Nasdaq and the S&P 500 have scaled all-time highs
recently, but the blue-chip Dow is still about 4% below its
February peak.
Treasury Secretary Steven Mnuchin's comment that a new
coronavirus relief bill will "hopefully" be unveiled next week
also boosted sentiment. U.S. politics will take center stage in the coming weeks.
Republican president Donald Trump, who is running for
re-election against Democratic presidential nominee Joe Biden,
has seen his polling gap with the former vice president narrow
recently. At 8:22 a.m. ET, S&P 500 e-minis EScv1 were up 6.75
points, or 0.19% and Nasdaq 100 e-minis NQcv1 were up 105.5
points, or 0.87%. Dow e-minis 1YMcv1 were down 30 points, or
0.11%.
Among other stocks, Zoom Video Communications Inc ZM.O
surged 35.4% after the video-conferencing platform raised its
annual revenue forecast by more than 30% as it converted more of
its huge free user base to paid subscriptions. Walmart Inc WMT.N rose 2.6% after the retail giant
unveiled the perks of its new loyalty program, Walmart Plus,
which will grant subscribers unlimited free delivery, fuel
discounts and no checkout lines. Tesla Inc TSLA.O pared gains to 2.1% after the
electric-car maker announced plans to raise up to $5 billion
through a share sale program a day after its 5-for-1 stock
split.