US STOCKS-Stimulus, dovish Fed bets set to lift Wall St ahead of earnings rush

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* Hasbro tumbles after profit miss
* Moderna up as late-stage study for COVID-19 vaccine begins
* U.S. Republicans likely to unveil $1 trillion aid proposal
* Futures up: Dow 0.47%, S&P 0.55%, Nasdaq 0.97%

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By Medha Singh and Devik Jain
July 27 (Reuters) - Wall Street was set for a higher open on
Monday after a two-day slide, as bets on more stimulus to revive
a battered domestic economy lifted the mood ahead of a week
packed with quarterly corporate updates from companies including
Boeing and Apple.
Still, safe haven assets were in demand with gold prices
notching a record high amid concerns over Sino-U.S. tensions,
escalating coronavirus cases in southern and western U.S. states
and an unexpected rise in U.S. jobless claims last week. GOL/
Trillions of dollars in fiscal and monetary stimulus have
been pivotal in bringing the S&P 500 to within 5% of its record
high hit in February.
Expectations are running low for any major announcements at
a two-day Federal Reserve meeting this week, but analysts expect
policymakers to lay the groundwork for more action in September
or in the fourth quarter. Investors are also keeping a close watch on progress over
the next round of government aid ahead of enhanced unemployment
benefits set to expire on Friday.
U.S. Senate Republicans on Monday are expected to unveil a
$1 trillion coronavirus aid package hammered out with the White
House, which will now be negotiated with Democrats. "The market is looking at this as a nice bridge of one to
one-and-a-half trillion dollars to get us to the period in which
we either have a treatment, or more likely a full vaccine toward
the end of the year," said Thomas Hayes, managing member at
Great Hill Capital LLC in New York.
Earnings reports will also be a major focus this week, with
189 S&P 500 companies expected to report results, including
Boeing Co BA.N , Pfizer Inc PFE.N , Facebook Inc FB.O , Apple
Inc AAPL.O , Amazon.com Inc AMZN.O and Alphabet Inc
GOOGL.O .
At 8:15 a.m. ET, Dow e-minis 1YMcv1 were up 123 points, or
0.47%. S&P 500 e-minis EScv1 were up 17.5 points, or 0.55% and
Nasdaq 100 e-minis NQcv1 were up 101.5 points, or 0.97%.
Investors will get the first glimpse of the second-quarter
U.S. GDP report on Thursday, which is likely to show the economy
contracted by 34% in the three-month period.
Moderna Inc MRNA.O jumped 8.9% premarket as it started a
U.S. government-backed late-stage trial to assess its COVID-19
vaccine candidate in about 30,000 adults. Hasbro Inc HAS.O dropped 8.5% after the toymaker missed
estimates for quarterly earnings and revenue, hit by production
shutdowns due to coronavirus lockdowns.