US STOCKS-Wall St slips as energy extends recent slide

martes 4 de noviembre de 2014 15:06 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

* Indexes down: Dow 0.1 pct, S&P 0.5 pct, Nasdaq 0.6 pct (Updates to afternoon trading, changes byline)

By Caroline Valetkevitch

NEW YORK, Nov 4 (Reuters) - U.S. stocks fell in afternoon trading on Tuesday, with energy shares leading the selloff as crude prices declined for a fourth straight day, adding to global demand worries.

The S&P 500 energy sector was down 2.2 percent, extending the group's recent drop, the Energy Select Sector SPDR ETF fell 2.3 percent, and Chevron Corp fell 1.3 percent.

U.S. crude oil dropped below $77 a barrel to its lowest level in about three years after Saudi Arabia cut sales prices to the United States. Crude is down more than 30 percent from a recent closing peak and down 7 percent over the past four sessions.

Among other top negative influences, shares of Priceline.com dropped 8.6 percent, the largest percentage decliner on the S&P 500 and Nasdaq, after posting quarterly earnings below Wall Street's expectations.   Continuación...