US STOCKS-Indexes end down more than 1 pct as energy falls further

miércoles 10 de diciembre de 2014 17:44 GYT

* Brent crude hits lowest level since July 2009

* Airline shares up; boosted by lower oil prices

* Indexes off: Dow 1.5 pct, S&P 1.6 pct, Nasdaq 1.7 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Dec 10 (Reuters) - U.S. stocks lost more than 1 percent on Wednesday in the S&P 500's biggest decline since Oct. 13 as another big drop in oil prices hammered energy shares.

The S&P 500 has lost 2.4 percent this week so far, reversing a recent trend. The Dow and S&P 500 had capped a seventh straight week of gains on Friday.

Selling accelerated in afternoon trading, and by day's end, NYSE declining issues outnumbered advancers by a ratio of 4.66 to 1 ratio. In a sign of rising investor caution, the CBOE Volatility index rose 24.5 percent, its biggest daily percentage gain since July 31.

The S&P energy index fell 3.1 percent and led declines on the S&P 500, but selling was broad and all 10 S&P sector lost at least 1 percent on the day.

Brent crude touched a new five-year low of $63.56 as Saudi Arabia's oil minister reiterated that he has no plans to cut output, while OPEC forecast global demand for OPEC crude in 2015 to fall to the lowest level in more than a decade.   Continuación...