US STOCKS-Wall Street set to open slightly lower

martes 2 de agosto de 2016 09:05 GYT
 

* June consumption up 0.4 pct vs est. 0.3 pct

* Core personal consumption expenditure up 1.6 pct

* P&G, CVS rise on profit beat

* Futures down: Dow 18 pts, S&P 3.5 pts, Nasdaq 6 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Aug 2 (Reuters) - U.S. stocks were set to open lower on Tuesday as investors assessed earnings reports and economic data.

U.S. consumer spending rose more than expected in June as households bought a range of goods and services.

However, core personal consumption expenditures (PCE), the Federal Reserve's preferred inflation measure, increased 1.6 percent in the 12 months through June, falling below the central bank's 2 percent target.

Oil prices edged higher on Tuesday after dropping by up to 10 percent in just one week, but investors remained concerned about oversupply weighing on prices.   Continuación...