US STOCKS-Wall St ends down after energy slide, Yellen comments

miércoles 4 de noviembre de 2015 18:36 GYT
 

* Oct private sector jobs growth better than forecast

* Time Warner falls after weak forecast

* Energy index ends five-day run of gains

* Indexes down: Dow 0.3 pct, S&P 0.4 pct, Nasdaq 0.1 pct (Adds Facebook up, Whole Foods down after the bell, latest volume)

By Caroline Valetkevitch

Nov 4 (Reuters) - U.S. stocks edged lower on Wednesday, retracing recent gains along with energy shares, while comments by Federal Reserve Chair Janet Yellen pointing to a possible interest rate hike in December added to investor caution.

S&P energy, down 1.0 percent, led the day's decline as U.S. crude oil closed down 3.3 percent. The fall snapped a run of five straight days of gains in the energy index.

Stocks added to losses after comments by Yellen, who told Congress the Fed expects the economy to continue to grow at a pace that returns inflation to policy-makers' target and that "if the incoming information supports that expectation ... December would be a live possibility" for a rate increase.

Still, S&P utilities, which tend to fall in a higher-rate environment, were up 0.4 percent, making it the day's best-performing sector.   Continuación...