US STOCKS-Wall St falls on disappointing earnings, weak data

jueves 28 de julio de 2016 11:37 GYT
 

* Oil prices drop 1.3 pct

* Ford falls 10 pct, weighs most on S&P

* Indexes down: Dow 0.48 pct, S&P 0.25 pct, Nasdaq 0.03 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 28 (Reuters) - The S&P 500 and the Dow edged lower on Thursday following weak economic data and a set of disappointing earnings from companies, including Ford.

Ford's shares dropped 10 percent after the carmaker posted weak quarterly profit and declared that the U.S. auto industry's long recovery was at an end. The stock was the biggest drag on the S&P 500 index.

Shares of General Motors fell more than 3 percent and Fiat Chrysler more than 4 percent.

A report by the U.S. Labor Department showed that the number of people claiming unemployment benefits rose more than expected to 266,000 for the week ended July 22. Analysts had expected a rise to 260,000.

Energy shares took a hit after oil prices fell 1.3 percent. Exxon and Chevron dropped more than 1 percent.   Continuación...