US STOCKS-Wall St ends lower on weak trade data; investors eye Fed

martes 5 de mayo de 2015 16:29 GYT
 

* March trade deficit hits near 6-1/2 year high

* Tech stocks biggest drag on indexes

* Groupon posts quarterly loss, down 2.2 pct after bell

* Indexes end down: Dow 0.79 pct, S&P 1.18 pct, Nasdaq 1.55 pct (Updates to close)

By Noel Randewich

May 5 (Reuters) - U.S. stocks finished sharply lower on Tuesday after a surprisingly wide March U.S. trade deficit raised concerns that the economy shrank in the first quarter.

The $51.4 billion March deficit was the highest in nearly 6-1/2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross domestic product last week, suggesting the economy had contracted.

"A negative number is scary for the market," said Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth Investments.

"It was something of a one-two punch between the trade-deficit report and higher interest rates that began overseas," he said of Tuesday's stock selloff.   Continuación...