US STOCKS-Wall St set to open little changed amid tepid earnings

viernes 31 de julio de 2015 09:11 GYT
 

* Second-qtr wage growth slowest in 33 years

* Exxon, Chevron fall as weak oil prices weigh on profits

* Royal Caribbean, Expedia rise after results

* Futures up: Dow 2 pts, S&P 4 pts, Nasdaq 11 pts (Adds details, comment, updates prices)

By Tanya Agrawal

July 31 (Reuters) - Wall Street was set to open little changed on Friday following a spate of uninspiring corporate results including that of Exxon Mobil, and a drop in prices of crude oil and major industrial metals.

However, an historically weak reading of U.S wage growth provided some support on the view that the Fed could delay the timing of rate increase.

U.S. labor costs in the second quarter recorded their smallest increase in 33 years amid tepid gains in the private sector with the Employment Cost Index edging up 0.2 percent, compared with a 0.7 percent increase in the first quarter.

The U.S. Federal Reserve has said it will raise rates only when it sees a sustained recovery in the economy.   Continuación...