US STOCKS-Wall Street retreats with oil prices after three-day rally

jueves 9 de junio de 2016 17:51 GYT
 

* Oil's fall weighs on equities

* Bond prices rise on global growth concern

* Indexes down: Dow 0.1 pct, S&P 0.2 pct, Nasdaq 0.3 pct (Updates close with quote, further details of day's move )

By Caroline Valetkevitch

June 9 (Reuters) - U.S. stocks retreated on Thursday after three days of gains as oil prices fell and global growth worries drove investors to safer assets like bonds.

Energy shares declined 0.5 percent as crude oil prices also snapped a three-day streak of gains, while the more defensive S&P utilities index rose 0.9 percent, leading sector gains.

"It was a cautious tone investors took, investing in utilities and other high-dividend stocks and selling some more volatile sectors and securities, like small caps," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

The Russell 2000 index was down 0.7 percent.

"I think investors are pointing to the move in stocks that we've had since mid-February as perhaps being extended from a technical standpoint, and that caused some concern," he said.   Continuación...