US stocks set for modest fall as investors lick their wounds

Amazon.com is set to be the main bright spot in a subdued opening, after it wowed the market with its results after the bell last night

A weaker dollar has given a lift to oil prices

Investors looks set to concentrate on licking their wounds after yesterday's battering, though online retail giant Amazon.com, Inc (NASDAQ:AMZN) should provide some cheer.

Results after the bell last night from Amazon topped expectations, prompting a near 12% rise in the share price in pre-market trading.

Nevertheless, the S&P 500 looks set to open half a point or so down from last night's close of 2,076.

The Dow Jones average, meanwhile, is set to open at around 17,824, according to spread betting quotes, after closing at 17,831 last night.

Oil giant Exxon Mobil Corporation (NYSE:XOM) beat market expectations this morning with earnings per share of 43 cents, 12 cents above the consensus forecast.

Oil stocks are set to get a further boost as the oil price continues to head north, with West Texas Intermediate for June delivery up 34 cents at $46.37 a barrel.

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