US STOCKS-Wall St falls as growth fears resurface after three-day rally

jueves 17 de diciembre de 2015 18:04 GYT
 

* Crude resumes slide

* Pandora soars after comments on new music royalties

* FedEx rises after 3rd-quarter profit beats view

* Indexes down: Dow 1.43 pct, S&P 1.5 pct, Nasdaq 1.35 pct (Updates to close, adds details)

By Marcus E. Howard

Dec 17 (Reuters) - U.S. stocks dropped Thursday on persistent concern over faltering global economic growth, led by declines in energy and materials shares, a day after shares had rallied on the Federal Reserve's decision to raise interest rates.

Oil prices extended recent declines on persistent oversupply worries and as the dollar hit a two-week high. Dow components Exxon and Chevron were down, by 1.5 and 3.1 percent, respectively.

Newmont Mining, which fell 7.7 percent to $17.61, led declines on the materials index, which fell 1.9 percent. The S&P energy index fell 2.5 percent.

The day's fall followed three sessions of gains. On Wednesday, the market rallied after the Fed raised its benchmark rate by 25 basis points to between 0.25 and 0.50 percent, signaling confidence in the world's largest economy.   Continuación...