US STOCKS-Dow, S&P 500 edge down on global worries; Nasdaq climbs

martes 9 de diciembre de 2014 16:05 GYT
 

* Verizon, telecoms weigh

* Tech shares edge higher

* Dow down 0.51 pct, S&P down 0.35 pct, Nasdaq up 0.18 pct (Updates to late afternoon, changes comment)

By Caroline Valetkevitch

NEW YORK, Dec 9 (Reuters) - The Dow and S&P 500 fell on Tuesday following concerns about global weakness and political turmoil, while the Nasdaq edged higher along with tech shares and energy.

All three indexes pared losses after midday, with the S&P 500 cutting its decline in half. Apple shares were up 0.5 percent and among the biggest boosts to the S&P 500 and Nasdaq. Advancing issues now outnumber declining ones on the NYSE by 1,654 to 1,416, for a 1.17-to-1 ratio.

Small-cap stocks also bounced, with the Russell 2000 index last up 1.4 percent.

"The market in general is digesting a very big move since its October 15 low," said Adam Sarhan, chief executive of Sarhan Capital in New York. "Less than two moths ago we were flat for the year, so investors are very hypersensitive to potential downdrafts in the market at this stage in the game."

Brent crude rebounded to climb 0.9 percent after it touched a fresh five-year low of $65.29. Oil prices have been under pressure as the dollar strengthened and OPEC decided against an output cut, with Brent down more than 40 percent from its June high. The S&P energy index was up 0.5 percent after losing 3.9 percent on Monday.   Continuación...