US STOCKS-Intel, transports sap Wall Street's strength

jueves 21 de julio de 2016 16:26 GYT

* Dow snaps nine-day winning streak

* Southwest, Union Pacific drag down transports

* Qualcomm, Biogen surge after results

* Indexes fall: Dow 0.42 pct, S&P 0.36 Pct, Nasdaq 0.31 pct (Updates with close of U.S. market)

By Lewis Krauskopf

July 21 (Reuters) - Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a U.S. corporate earnings season that has been better than feared.

The S&P 500 and Dow industrials pulled back from record highs and the Dow snapped a nine-session streak of gains.

Southwest Airlines fell 11.2 percent and led other airline stocks lower after the company forecast a drop in a key profitability metric. Union Pacific dropped 3.4 percent after the No. 1 U.S. railroad posted a lower quarterly net profit, hurt by slumping freight volumes.

The stocks dragged down the Dow Jones transport index , which is often seen as a barometer of the market's health and the overall economy.   Continuación...