US STOCKS-Wall St flat as rise in oil offsets impact of weak data

viernes 12 de agosto de 2016 11:34 GYT

* U.S. retail sales growth flat in July

* Exxon up as oil prices rise, top boost to S&P, Dow

* Indexes down: Dow 0.07 pct, S&P 0.02 pct, Nasdaq 0.01 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Aug 12 (Reuters) - Wall Street was little changed on Friday as a rise in oil prices offset the impact of weak economic data.

U.S. retail sales were unexpectedly flat in July as people cut back on buying clothes and other goods, while another report showed that producers index fell 0.4 percent in July, the biggest drop in nearly a year.

Cooling consumer spending and tame inflation suggest the Federal Reserve will probably not raise interest rates anytime soon despite a robust labor market.

However, oil prices rose 1.43 percent as the dollar slipped following the release of weak data.

The S&P 500's energy index rose 0.73 percent, helped by a 1 percent rise in Exxon Mobil shares. The stock gave the biggest boost to the S&P 500 index and the Dow. Chevron edged up 0.4 percent.   Continuación...