US STOCKS-Oil slide pulls Wall Street back from record levels

miércoles 10 de agosto de 2016 16:33 GYT
 

* Exxon top drag on S&P 500 and Dow

* Walt Disney rises after results, deal announced

* Shake Shack drops after hours following quarterly report

* Indexes end down: Dow 0.20 pct, S&P 0.29 pct, Nasdaq 0.40 pct (Updates to close)

By Noel Randewich

Aug 10 (Reuters) - Wall Street retreated from record levels on Wednesday after a drop in oil prices pressured energy stocks, while shares of Walt Disney surged on its results and an acquisition.

A rally since late June has pushed the S&P 500 up more than 6 percent in 2016 as low interest rates encourage investors to buy U.S. equities, although high valuations are of concern to many.

The energy index fell 1.41 percent, hurt by a drop in oil prices after the U.S. government reported a surprise crude stockpile build.

Exxon Mobil lost 1.75 percent and was the biggest drag on the S&P 500 and the Dow.   Continuación...