US STOCKS-Wall St near flat after indexes pare China-fueled losses

miércoles 12 de agosto de 2015 15:22 GYT

* Energy shares rally after sharp selloff; Apple also rebounds

* Financials weigh as China news clouds U.S. rate hike timing

* Alibaba falls to record low as revenue growth slows

* Indexes: Dow down 0.3 pct, S&P down 0.1 pct, Nasdaq up 0.1 pct (Updates to late afternoon)

By Caroline Valetkevitch

Aug 12 (Reuters) - U.S. stocks were near flat late Wednesday afternoon, paring steep losses as Apple and energy shares rebounded amid a second day of worries about a slowdown in China.

Energy shares, which have been hit hard by the China concerns along with other commodities in recent weeks, bounced back with oil prices. The S&P energy index was up 2 percent, the biggest positive for the S&P 500.

Apple, for whom China is key growth market, also reversed course after falling 3.4 percent earlier in the session. It was last up 0.9 percent at $114.61.

The yuan hit a four-year low on Wednesday, falling for a second day after Chinese authorities devalued it. The move has exacerbating worries about the outlook for China's economy and its impact on the rest of the world.   Continuación...