US STOCKS-Wall St struggles to rebound from selloff; oil a drag

miércoles 11 de marzo de 2015 11:08 GYT
 

* S&P 500 coming off biggest one-day drop in two months

* SanDisk rallies, Goldman adds to Conviction Buy list

* Express shares rally after results

* Dow up 0.1 pct, S&P 500 flat, Nasdaq down 0.1 pct (Updates to midday trading)

By Ryan Vlastelica

NEW YORK, March 11 (Reuters) - U.S. stocks were little changed on Wednesday, off their highs of the session, as investors continued to focus on when the Federal Reserve would adjust its rate policies.

Wall Street fell sharply on Tuesday, with the S&P 500 suffering its biggest one-day decline in two months, surpassing a selloff of similar magnitude on Friday, on the increasing view the Fed may raise interest rates as soon as June.

Stocks initially opened higher in a partial rebound from the previous session's sharp decline, but subsequently lost ground as oil turned weaker. Crude fell 1.4 percent after previously rising as much as 1.6 percent.

Recent concerns about rates pushed the U.S. dollar to a nearly 12-year peak against the euro on Tuesday and added to worries the dollar will continue to weigh on U.S. multinationals' earnings.   Continuación...