US STOCKS-Wall St to open slightly lower as Wal-Mart limits losses

jueves 19 de mayo de 2016 08:58 GYT
 

* Wal-Mart surges 8 pct as results beat estimates

* Fed minutes suggest possibility of June rate hike

* Weekly jobless claims fall 278,000 vs 275,000 est

* Futures down: Dow 38 pts, S&P 5 pts, Nasdaq 11.75 pts (Adds details, comment, updates prices)

By Yashaswini Swamynathan and Tanya Agrawal

May 19 (Reuters) - Wall Street was set to open slightly lower on Thursday after strong quarterly results from Wal-Mart and Cisco helped limit the losses sparked by a possibility of the Federal Reserve raising interest rates as early as next month.

Minutes of the Fed's April meeting, released on Wednesday, caught the market by surprise as they showed that most policymakers thought a June rate hike was appropriate, given continued improvement in the U.S. economy.

Dow component Wal-Mart's shares jumped 8.3 percent to $68.40 in premarket trading after the retailer reported first-quarter results that beat analysts' estimates, in contrast with a string of weak results by competitors.

Cisco Systems was up 5.2 percent at $28.10 after the network equipment maker reported better-than-expected results.   Continuación...