US STOCKS-Wall St retreats with energy after recent gains, Yellen

miércoles 4 de noviembre de 2015 16:32 GYT

* Oct private sector jobs growth better than forecast

* Time Warner falls after weak forecast; drags media stocks

* Energy stocks end 5-day run of gains

* Indexes down: Dow 0.3 pct, S&P 0.4 pct, Nasdaq 0.2 pct (Updates to include late afternoon)

By Caroline Valetkevitch

Nov 4 (Reuters) - U.S. stocks edged lower on Wednesday, pulling back after recent strong gains along with energy shares, while Federal Reserve Chair Janet Yellen said a rate hike in December was a "live" possibility, but not a certainty.

S&P energy, down 1.4 percent, led the day's decline.

The fall snapped a run of five straight days of gains for the index. Chevron was down 1.5 percent at $96.64 and Exxon was off 1.1 percent at $85.91.

Stocks added to losses after Yellen's comments, which analysts said suggest that Fed officials are leaning towards raising rates in December. While stocks rallied after last week's statement by the Fed, which gave a vote of confidence in the economy by signalling a December interest rate hike was still on the table, higher rates can add to worries about borrowing costs.   Continuación...