US STOCKS-Wall St set for lower open as Wal-Mart weighs

jueves 15 de mayo de 2014 09:10 GYT
 

* Wal-Mart profit falls as severe winter deters shoppers

* U.S. jobless claims fall to seven-year low

* U.S. consumer prices post biggest gain in 10 months

* Futures: Dow off 13 pts, S&P off 3 pts, Nasdaq up 1 pts

NEW YORK, May 15 (Reuters) - Wall Street was set for a lower open on Thursday as weaker-than-expected earnings from Wal-Mart Stores Inc overshadowed a number of better-than-expected economic reports.

* Wal-Mart Stores Inc reported a 5 percent fall in quarterly profit as severe winter weather hurt comparable sales in the United States. The stock was down 3 percent in premarket trade.

* Kohl's Corp shares also fell 3 percent in premarket trade after the specialty department retailer reported weaker-than-expected first-quarter results.

* The number of Americans filing new claims for unemployment benefits fell last week to its lowest level in seven years, fresh evidence that the labor market was strengthening.

* U.S. consumer prices recorded their largest increase in 10 months in April, pointing to some inflation in the economy.   Continuación...