US STOCKS-Wall St cuts losses with energy shares as U.S. oil jumps

miércoles 14 de enero de 2015 15:56 GYT

* U.S. crude oil futures settle up 5.6 pct

* World Bank cuts global growth forecasts

* JPMorgan falls after earnings

* Freeport McMoRan drops on copper weakness

* Indexes off: Dow 1.3 pct, S&P 0.9 pct, Nasdaq 0.7 pct (Updates to afternoon)

By Caroline Valetkevitch

NEW YORK, Jan 14 (Reuters) - U.S. stocks pared losses in late afternoon trading on Wednesday, led by a bounceback in energy shares as U.S. oil prices settled more than 5 percent higher.

The S&P energy index was down 0.7 percent after having fallen more than 2 percent earlier. Oil prices rebounded late, with U.S. crude oil settling up 5.6 percent and Brent futures extending gains.

Stocks were still on track for a fourth day of losses, however, after a World Bank forecast sparked concerns about global economic growth and U.S. retail sales for December came in weaker than expected.   Continuación...