Wall Street falls 2 percent as Exxon Mobil, oil weigh

Shares of Exxon fell 2.3 percent to $74.54 after the oil major reported its smallest quarterly profit in more than a decade and forecast a 25-percent drop in capital spending from 2015 levels. Brent oil and U.S. crude fell as hopes faded for a deal between OPEC and Russia on output cuts. "The fact that (Exxon) slashed capex so much is an indication that another oil company is not seeing any improvement" in the near term, said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich