US STOCKS-Oil majors drag down S&P, Dow; tech stocks boost Nasdaq

viernes 29 de julio de 2016 10:05 GYT
 

* Exxon, Chevron drop on weak results

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

* Dow down 0.17 pct, S&P down 0.02 pct, Nasdaq up 0.17 pct (Updates to open)

By Yashaswini Swamynathan

July 29 (Reuters) - The S&P 500 and the Dow were lower on Friday following weak economic data and poor earnings from oil majors Exxon and Chevron.

However, a surge in Alphabet and Amazon.com's shares kept the Nasdaq in positive territory.

Investor sentiment was dented by a slower-than-expected growth in U.S. gross domestic product.

Exxon shares fell 4 percent after the oil producer reported a lower-than-expected quarterly profit. Fellow Dow component Chevron shed 2 percent after posting its biggest loss since 2001.

The two stocks were the biggest drags on the S&P and the Dow.   Continuación...