US STOCKS-Wall St retreats off record peaks as energy, techs fall

jueves 6 de noviembre de 2014 11:45 GYT

* Energy continues recent slide, raising demand worries

* Genworth, Qualcomm both slump following results

* Whole Foods rallies in bright spot for market

* Indexes: S&P 500, Nasdaq down 0.2 pct, Dow flat (Updates to market open)

By Ryan Vlastelica

NEW YORK, Nov 6 (Reuters) - U.S. stocks edged modestly lower from record levels on Thursday as energy shares continued their recent decline and weak results pressured the technology sector.

Trading was volatile, with major indexes briefly edging higher on comments from European Central Bank President Mario Draghi, who indicated support for additional measures to support the economy, if necessary. Equities subsequently turned lower as crude oil fell and companies extended their post-earnings decline.

The S&P Energy index lost 0.6 percent, dropping alongside a 1.5 percent drop in the price of crude oil. Crude prices have been pressured of late and are down about 30 percent from a recent closing high. Occidental Petroleum lost 1 percent to $85.60 on Thursday while Halliburton Co was off 1.6 percent to $51.51.

"The overall weakness in oil is coming on weaker demand, and that's enough to raise concerns about economic growth, especially with buyers getting exhausted after a strong rally," said Wayne Kaufman, chief market analyst at Phoenix Financial Services in New York.   Continuación...