US STOCKS-Wall St flat after record-setting week; futures dip late

viernes 15 de julio de 2016 16:55 GYT
 

* Financials drop, Wells Fargo weighs after results

* Turkey ETF drops as country's military attempts coup

* Futures drop late on reports of coup attempt underway in Turkey

* Indexes: Dow up 0.05 pct, S&P off 0.09 pct, Nasdaq off 0.09 pct (Updates to close)

By Rodrigo Campos

July 15 (Reuters) - The Dow industrials ended at a record high on Friday and major indexes closed a third consecutive week of gains as upbeat economic data and the start of earnings season gave investors confidence the current rally has legs.

Consumer stocks led declines on the S&P 500 while the financial sector posted a less than 0.2 percent drop, even as Wells Fargo, whose profits fell in the second quarter, fell 2.5 percent to $47.71 to rank as the largest weight on the S&P.

But expectations for S&P earnings ticked up to a 4.7 percent decline from a view of a 5-percent drop earlier in the week, cementing hopes that an earnings contraction bottomed in the first quarter.

Adding to investor confidence, U.S. retail sales rose more than expected in June, bolstering views that economic growth picked up in the second quarter.   Continuación...