US STOCKS-Wall St pulled down by tech, auto stocks

martes 2 de agosto de 2016 13:04 GYT
 

* June consumption up 0.4 pct vs est. 0.3 pct

* Personal income up 0.2 pct vs est. 0.3 pct in June

* Pfizer maintains forecast, drops 2.3 pct

* Indexes down: Dow 0.61 pct, S&P 0.82 pct, Nasdaq 1.11 pct (Updates to early afternoon)

By Yashaswini Swamynathan

Aug 2 (Reuters) - Wall Street fell on Tuesday, with the S&P 500 and the Nasdaq having their worst day in more than a month, following weak economic data and losses in technology and consumer discretionary stocks.

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

However, personal income rose only 0.2 percent, missing estimates of 0.3 percent, while inflation remained below the Federal Reserve's 2 percent target.

Shares of Ford and General Motors dropped about 3.5 percent each after the two major U.S. automakers reported July vehicle sales slightly below expectations.   Continuación...