US STOCKS-Wall St falls, led by decline in energy shares

lunes 12 de enero de 2015 14:51 GYT
 

* Earnings season begins this week

* NPS Pharma climbs; to be acquired by Shire

* Energy shares fall as oil tumbles

* Indexes off: Dow 0.6 pct, S&P 0.8 pct, Nasdaq 0.8 pct (Updates to afternoon trading, changes byline)

By Caroline Valetkevitch

NEW YORK, Jan 12 (Reuters) - U.S. stocks fell on Monday, led by a decline in energy shares as oil prices fell further while concern grew ahead of the start of corporate earnings season.

Oil prices continued their downward march and weighed on equities. Brent was down more than 5 percent to $47.44 and U.S. crude down 4.6 percent at $46.13, as Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output.

The S&P energy index, the day's worst-performing S&P 500 sector, was down 2.7 percent.

"People are getting a little bit ahead of this selloff in anticipation of fourth-quarter earnings announcements and more worry about the large multinationals and what they are going to say about demand globally, as well as the impact of the dollar," said Keith Bliss, senior vice-president at Cuttone & Co in New York.   Continuación...