US STOCKS-Wall St set to open lower on weak earnings, data

viernes 29 de julio de 2016 09:03 GYT

* Exxon, Chevron drop on weak results

* 2nd-qtr GDP growth up 1.2 pct vs est. 2.6 pct

* Futures: Dow down 60 pts, S&P down 5.5 pts, Nasdaq up 1.25 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 29 (Reuters) - Wall Street was set to open lower on Friday following weak economic data and disappointing earnings from oil majors Exxon and Chevron.

Shares of Dow component Exxon fell 2.2 percent to $88.24 in premarket trading after the oil producer posted second-quarter revenue and profit well below analysts' estimates.

Chevron also dropped 2.3 percent after posting its largest quarterly loss since 2001.

A slower-than-expected growth in second-quarter gross domestic product also weighed on investor sentiment.

The U.S. Commerce Department reported that GDP grew at a 1.2 percent rate, missing economists' estimates of a 2.6 percent growth.   Continuación...