US STOCKS-Wall St looks to recover some losses a day after rout

jueves 12 de mayo de 2016 09:03 GYT
 

* Kohl's falls after posting drop in net sales

* Monsanto jumps on reports of Bayer mulling bid for company

* Futures up: Dow 78 pts, S&P 12 pts, Nasdaq 22 pts (Adds details, comment, updates prices)

By Tanya Agrawal

May 12 (Reuters) - Wall Street was set to open higher on Thursday, a day after a rout led by consumer stocks led to the Dow post its biggest one-day drop in three months.

Helping support the early rebound, oil prices were steady after the International Energy Agency said it expects a significant reduction in supplies later this year.

Wall Street dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.

The first retailer report on Thursday did little to assuage concerns. Shares of Kohl's fell 6.9 percent to $36 premarket after the department store operator reported an unexpected drop in quarterly comparable sales.

The weak reports from retailers come a day ahead of retail sales data for April and in a week where no major economic data was released.   Continuación...