US STOCKS-Wall St falls on Amazon, Visa results
* Durable goods data better than expected
* Visa and Amazon latest major names to disappoint
* El Pollo Loco rallies in trading debut
* Indexes down: Dow 0.8 pct, S&P 0.5 pct, Nasdaq 0.5 pct (Updates to afternoon trading)
By Ryan Vlastelica
NEW YORK, July 25 (Reuters) - U.S. stocks fell on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results.
Earnings season has largely come in better than expected, with more companies than usual beating analyst expectations for both profits and revenue. However, there have been high-profile disappointments including Boeing Co and Caterpillar Inc earlier this week.
Amazon.com Inc tumbled 10.3 percent to $320.70 in its biggest one-day decline since January after reporting an unexpectedly wide second-quarter loss, citing greater expenses on investments. The stock was the S&P 500's biggest decliner, and almost 15 million shares traded hands, many times its 50-day average of 3.6 million.
The online retailer dragged on the consumer discretionary sector, which lost 1.1 percent. Continuación...