US STOCKS-S&P 500, Nasdaq slip; falling oil prices weigh on energy

martes 4 de noviembre de 2014 18:27 GYT

* Energy is weakest sector on the day as oil falls

* Alibaba rises after results, Priceline falls

* Dow up 0.1 pct, S&P down 0.3 pct, Nasdaq down 0.3 pct (Updates close with volume, TripAdvisor down after the bell)

By Caroline Valetkevitch

NEW YORK, Nov 4 (Reuters) - The S&P 500 and Nasdaq ended lower on Tuesday as another big drop in oil prices dragged down energy shares and Priceline's earnings forecast disappointed.

The S&P 500 energy sector fell 1.9 percent, extending the group's recent drop, the Energy Select Sector SPDR ETF dropped 2.1 percent, and Chevron Corp eased 1.2 percent to $115.37.

The Dow ended slightly higher, although it was unable to break through Friday's record close. While the market has bounced back strongly from its recent selloff, the energy sector remains under pressure from plunging oil prices.

The price of U.S. crude oil hit its lowest in three years after Saudi Arabia cut sales prices to the United States. Crude settled down $1.59 at $77.19 after reaching the lowest intraday price since October 2011 in the morning.

Adding to worries about global demand, the European Commission said the euro zone will need another year to reach even modest economic growth. A Reuters report said central bankers in the euro zone plan to challenge European Central Bank President Mario Draghi's leadership style.   Continuación...