US STOCKS-Wall St dips as investors wary before jobs data

jueves 3 de abril de 2014 17:14 GYT

* Biotech, momentum stocks slide, pulling Nasdaq down

* Anadarko Petroleum settles pollution clean-up claims; stock soars

* Wider U.S. trade deficit to weigh on first-quarter GDP

* Dow flat; S&P 500 off 0.1 pct; Nasdaq down 0.9 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, April 3 (Reuters) - U.S. stocks slipped on Thursday, as investors turned cautious ahead of Friday's monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly 1 percent.

The Dow ended down just a fraction of a point, within about 4 points of its record closing high of 16,576.66 set on Dec. 31. The Dow posted an all-time intraday high during the session.

Market outperformers in the Internet and biotech sectors lost ground, resuming a selloff from March after some recent gains. Two weeks ago, biotechs suffered their worst day since 2011.

"That's a buying opportunity in our view. We think (biotech) will come roaring back. It's not just going to have one good year and be done," said Randy Warren, chief investment officer of Warren Financial Service in Exton, Pennsylvania.   Continuación...