US STOCKS-Wall St edges up after wage growth data

viernes 31 de julio de 2015 11:26 GYT
 

* Second-qtr wage growth slowest in 33 years

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

* Expedia, YRC rise after results

* Indexes up: Dow 0.02 pct, S&P 0.13 pct, Nasdaq 0.35 pct (Adds details, comment, updates prices)

By Tanya Agrawal

July 31 (Reuters) - Wall Street edged higher in late morning trading on Friday after an historically weak reading of U.S wage growth lent weight to the view that the U.S. Federal Reserve could delay a rate increase.

U.S. stocks had been slightly choppy just after the opening bell as investors took cues from weak earnings from oil producers Exxon Mobil and Chevron and depressed commodity prices.

Exxon Mobil shares fell 4.1 percent to $79.63 while Chevron was down 3.4 percent at $89.90 after quarterly profits slumped on falling oil prices.

Positive commentary from the Fed about the economy earlier in the week is seen by many investors as a signal that a rate rise could come as early as September. The prospect of the first hike in nearly a decade has led to a fall in U.S. equities' share in global portfolios.   Continuación...