US shares edge lower as drop in energy stocks weighs

  • 31 July 2015
  • From the section Business
NYSE traders

(Close): All three of the main US indexes closed slightly lower after a sharp fall in energy shares offset gains elsewhere.

Exxon Mobil shares fell 4.6% after it reported second quarter earnings halved. Chevron shares dropped 4.9% after its net income fell 90%.

The Dow Jones ended trading 51.98 points lower at 17,745.98.

The S&P 500 slipped 4.7 points to 2108.63 points while the tech-heavy Nasdaq was almost flat at 5128.28.

Smaller firms linked to the energy industry, such as drilling company Nabors Industries and producer Marathon Oil, also dropped, losing 1.8% and 3.8% respectively.

Bonds were higher after a report showed US wages and benefits grew in the spring at the slowest pace in decades.