US STOCKS-Energy shares lead Wall St lower in broad decline

martes 4 de noviembre de 2014 12:19 GYT
 

* Energy is weakest sector on the day as oil falls

* Alibaba rises after results, Priceline falls

* Dow, S&P 500 remain near record levels

* Dow flat, S&P 500 and Nasdaq down 0.2 pct

By Ryan Vlastelica

NEW YORK, Nov 4 (Reuters) - U.S. stocks fell in a broad decline on Tuesday, with energy shares leading the selloff as crude prices declined for a fourth straight day, raising concerns about global demand.

U.S. crude oil fell 2.7 percent to $76.64 per barrel, dropping to its lowest level in about three years after Saudi Arabia cut sales prices to the United States. This is the fourth straight session that crude has fallen, losing 6.8 percent over that period. It is down more than 30 percent from a recent closing peak.

While the broader market has risen this year, energy has lagged. The S&P energy index fell 2.5 percent on Tuesday, and it is the only one of the ten primary sectors to be negative on the year.

The Energy Select Sector SPDR ETF fell 2.7 percent on Tuesday to $83.74, while Chevron Corp fell 1.2 percent to $115.38.   Continuación...