US STOCKS-Wall St falls with oil, worries about global economy

viernes 10 de junio de 2016 15:43 GYT

* Worries about "Brexit" weigh on sentiment

* Volatility index jumps 17 pct

* Intel inches higher on report of Apple contract win

* Indexes down: Dow 0.9 pct, S&P 1.2 pct, Nasdaq 1.6 pct (Updates to late afternoon)

By Caroline Valetkevitch

June 10 (Reuters) - U.S. stocks extended losses into a second day on Friday following another drop in oil prices and rising worries about the global economy ahead of Britain's referendum on whether to stay in the European Union.

Ahead of Britain's referendum on June 23, a poll showed those in favor of Britain exiting the EU, or "Brexit," were well ahead of those who favor remaining. The British pound fell against the dollar.

"The inability of the S&P to even hold key resistance tells you the market is not ready to break out to new record highs," said Adam Sarhan, chief executive of Sarhan Capital in New York.

"The global economy is weak and it can't handle any major shocks. If Brexit occurs, that's a major shock."   Continuación...