US STOCKS-Wall St set to open higher on strong retail sales data

viernes 15 de julio de 2016 08:56 GYT
 

* U.S. June retail sales up 0.6 pct vs est. 0.1 pct

* Citi profit beats estimates, Wells Fargo profit in line

* Nice attack weighs on travel and airline stocks

* Futures up: Dow 21 pts, S&P 2.75 pts, Nasdaq 2.25 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 15 (Reuters) - The Dow and the benchmark S&P 500, trading at record highs, were set to open slightly higher on Friday, after better-than-expected monthly retail sales offset mixed results from Citigroup and Wells Fargo.

U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, reinforcing views that economic growth picked up in the second quarter.

Citi's second-quarter profit fell less than expected, while Wells Fargo's profit fell in line with expectations. Citi shares rose 1.4 percent premarket, while Wells Fargo's dropped about 1 percent.

The tepid results failed to match up to the expectation set by JPMorgan's strong numbers on Thursday, that helped power the S&P to its fourth intraday high in a row and the Dow to its third.   Continuación...