US STOCKS-Wall St higher amid wage growth data, earnings

viernes 31 de julio de 2015 13:16 GYT

* Second-qtr wage growth slowest in 33 years

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

* Expedia jumps after results

* Indexes up: Dow 0.01 pct, S&P 0.14 pct, Nasdaq 0.40 pct (Updates to early afternoon)

By Tanya Agrawal

July 31 (Reuters) - Wall Street rose in early afternoon 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.

All three major indexes were poised to end the month higher as earnings reports pushed global concerns to the background.

Exxon Mobil shares fell 3.5 percent to $80.12 while Chevron was down 3.9 percent at $89.43 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...