NEW YORK ECCO Track 6 Gtx Moc Toe Hi Boots Black Ireland , July 31 (Xinhua) -- U.S. stocks closed modestly lower after wavering in a narrow range Friday, as investors were digesting corporate earnings reports amid falling oil prices.


The Dow Jones Industrial Average fell 55.52 points, or 0.31 percent, to 17,690.46. The S&P 500 lost 4.71 points, or 0.22 percent, to 2,103.92. The Nasdaq Composite Index edged down 0.50 point, or 0.01 percent, to 5,128.28.


Exxon Mobil announced Friday that it earned 4.2 billion U.S. dollars in the second quarter of 2015, compared with 8.8 billion dollars a year earlier. Analysts said its quarterly profit declined sharply on falling oil prices. The largest U.S. oil company's shares slumped 4.58 percent to 79.21 dollars apiece.


Chevron Corporation dropped 4.89 percent to 88.48 dollars a share after posting its worst quarterly result in several years. The company reported earnings of 571 million dollars for the second quarter 2015, compared with earnings of 5.7 billion dollars in the second quarter a year ago.


Latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the second quarter of 2015 are expected to increase 0.9 percent year on year, while the revenue is forecast to decline 3.3 percent.


Meanwhile, the diving oil prices also weighed on market sentiment. U.S. crude tumbled nearly 3 percent Friday as U.S. oil companies added more oil rigs this week despite the collapse in crude prices.


As a result, the energy sector plunged 2.60 percent as the greatest decliner in the S&P 500 Friday.


On the economic front, the final reading of Thomson Reuters University of Michigan's consumer sentiment index came in at 93.1 for July, down from 96.1 in June.


For the week, the Dow added 0.7 percent, and the S&P 500 increased 1.2 percent, while the Nasdaq was up 0.8 percent.


The CBOE Volatility Index, often referred to as Wall Street's fear gauge, mildly decreased 0.08 percent to end at 12.12 Friday.


In other markets, oil prices dived as traders worried that global supplies exceed the demand.


The West Texas Intermediate for September delivery moved down 1. 4 dollars to settle at 47.12 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery decreased 1.1 dollars to close at 52.21 dollars a barrel on the London ICE Future Exchange.


Gold futures rose on the COMEX division of the New York Mercantile Exchange as the U.S. Employment Cost Index report was much worse than expected.


The most active gold contract for December delivery rose 6.4 dollars, or 0.59 percent, to settle at 1,095.10 dollars per ounce.


The U.S. dollar fell against most major currencies as economic data from the country came out weaker than expected, dampening market sentiment for a rate hike soon.


In late New York trading, the euro rose to 1.0981 dollars from 1.0921 dollars in the previous session, while the dollar bought 123.93 Japanese yen, lower than 124.24 yen of the previous session.


LAUSANNE, Switzerland, July 8 (Xinhua) -- Three of world's topfive sprinters Justin Gatlin, Asafa Powell and Tyson Gay willcompete against each at the Lausanne Diamond League meetingAthletissima on Thursday, with the latter two aiming to beatGatlin, so far fastest man of this year.


"Justin Gatlin unbeatable? I don't know who this guy thinks heis. He is the 5th fastest man, so clearly he can be beaten," Powelltold a press conference here on Wednesday.


The 32-year-old Jamaican ran the third fastest 100 meters of theyear to win on 9.81 seconds at the Paris Diamond League meetingjust four days ago, as both the faster results ahead of him isunder Gatlin's name.


"Big races like these are what people pay to see. I am happy toan early run with the best guys before the big one in Beijing,"said Powell, who set his eyes on the August 22-30 worldchampionships in Beijing.


"All of us train to be at the top of the podium. You don't trainto come second. My intention is to win gold and I will fight to theend," he added.


Lausanne Athletissima is just the second Diamond League meetingfor Powell after walking out of the shades of a dopingsuspension.


He tested positive in 2013 and was banned last year by aJamaican disciplinary panel, before the Court of Arbitration forSport (CAS) reduced it to six months.


Powell was the first Jamaican having seized the limelight as helowered the 100m mark to 9.77 in 2005 and then 9.74 in 2007 beforebeing eclipsed by Bolt.


The Jamaican was echoed by American Gay, a former world championwho was deprived all achievements since 2012 after tested positivefor doping and banned for one year.


"Justin can be beaten anytime but we must admit that he has beenrunning great this season," said the 33-year-old, who came out thesixth fastest man of this year after clocking 9.88 seconds at theend of May in the Eugene Diamond League meeting and improving it to9.87 last month at the U.S. trials.


"I am happy to be racing these two guys," he said. "We weresupposed to meet a few years ago in Stockholm, but it didn't workout. I'm looking forward to the race."


Gay explained that the welcome he received after suspensionmotivated him to accept the proposal of running against Powell andGatlin in Lausanne.


"After the suspension I was welcomed back to the sport with openarms. I'm thankful for that. My fitness is better and I' m morerelaxed, I think that is the difference this year.


"The suspension didn't scar me, I'm just sad I wasn't able tospeak out to say it was a mistake and that I did not intentionallytake prohibited substances," he said, referring to Powell's way ofsuing the supplement company for "putting a contaminated substancein the supplement".


"I am looking forward to racing tomorrow. More power to Justinand his fast times, we have all had our day at the top," Gayadded.


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