US STOCKS-Wall St inches to another high on strong retail sales data

viernes 15 de julio de 2016 09:54 GYT

* U.S. June retail sales up more than expected

* Financials drop after disappointing Citi, Wells results

* Nice attack weighs on travel and airline stocks

* Indexes up: Dow 0.16 pct, S&P 0.15 pct, Nasdaq 0.11 pct (Updates to open)

By Yashaswini Swamynathan

July 15 (Reuters) - The Dow and the S&P 500 inched up on Friday, hitting new highs, after better-than-expected monthly U.S. retail sales data offset disappointing results from big banks.

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.

However, tepid results from Citi and Wells Fargo failed to match up to the expectation set by JPMorgan's strong numbers on Thursday.

Citi's second-quarter profit dropped less than expected, while Wells Fargo's profit fell in line with expectations.   Continuación...