REFILE-US STOCKS-Wall St pares losses on energy rebound; Shake Shack, Amazon rally
(Refiles to fix typographical error in headline)
* GDP headline disappoints, consumer spending up
* Shake Shack rises in market debut, Visa to split shares in four
* Oil rises 8 percent pushing S&P energy sector up
* Dow off 0.17 pct, S&P down 0.03 pct, Nasdaq up 0.17 pct
By Sinead Carew
NEW YORK, Jan 30 (Reuters) - U.S. stocks pared earlier losses to trade little changed Friday afternoon amid a rebound in the energy sector as oil prices surged on expectations for a supply decline due to a falling rig count.
The S&P energy sector was up 1.5 percent at 2:30 p.m. ET (1930 GMT) after falling as much as 1.5 percent earlier in the session. The rebound came as crude futures rose 8 percent following a survey that showed that the number of rigs drilling for oil in the United States fell by 94 this week, the biggest decline since 1987.
Also, concerns over fighting in Iraq extended short covering from the previous session. U.S. crude futures settled at $48.24 per barrel, up $3.71, hitting a level not seen since Jan. 22. Continuación...