US STOCKS-Wall St opens lower; Pfizer weighs on Dow

martes 2 de agosto de 2016 10:07 GYT
 

* June consumption up 0.4 pct vs est. 0.3 pct

* Core personal consumption expenditure up 1.6 pct

* Pfizer maintains forecast, drops 2 pct

* Indexes down: Dow 0.2 pct, S&P 0.23 pct, Nasdaq 0.33 pct (Updates to open)

By Yashaswini Swamynathan

Aug 2 (Reuters) - Wall Street opened lower on Tuesday after Pfizer's tepid forecast and weak U.S. economic data disappointed investors.

Dow component Pfizer reported revenue and profit above analysts' estimates, but maintained its previous forecast for the year, sending its shares down 2 percent to $36.66.

The stock was the top percentage loser on the Dow and the biggest drag on the S&P 500.

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