US STOCKS-Wall St little changed; Wal-Mart up after results

jueves 18 de agosto de 2016 09:59 GYT
 

* Weekly jobless claims fall more than expected

* Wal-Mart opens at 14-month high

* Twitter falls after brokerage downgrades to "sell"

* Indexes down: Dow 0.05 pct, S&P 0.02 pct, Nasdaq 0.06 pct (Updates to open)

By Tanya Agrawal

Aug 18 (Reuters) - Wall Street was little changed in early trading on Thursday as the impact of a rise in oil prices and strong results at Wal-Mart was offset by weakness in consumer discretionary and financial stocks.

Dow component Wal-Mart rose as much as 3.1 percent to $75.19 - a more than 14-month high - after the retailer posted a better-than-expected quarterly profit. The stock provided the biggest boost to the Dow and the S&P 500.

Oil stocks rose as Brent crude touched $50 a barrel for the first time in six weeks after major producers prepared to discuss a possible freeze in output. U.S. crude was trading near $47.

Investors also weighed up minutes of the Federal Reserve's July meeting that showed policymakers were divided over whether to raise interest rates in the near-term.   Continuación...