US STOCKS-Wall St slips from highs after NY Fed chief's rate comments

martes 16 de agosto de 2016 15:26 GYT

* NY Fed President Dudley says September rate hike possible

* TJX shares sink after results

* Indexes down: Dow 0.3 percent, S&P 0.4 percent, Nasdaq 0.5 percent (Updates to late afternoon)

By Caroline Valetkevitch

Aug 16 (Reuters) - U.S. stocks eased from record highs on Tuesday after New York Federal Reserve Bank President William Dudley said an interest rate hike in September was possible.

Dudley cited recent labor market gains in his comments, which came ahead of an annual meeting of central bankers from around the world in Jackson Hole, Wyoming, next week.

The comments raised traders' expectations of a U.S. rate hike this year, according to the CME Group's FedWatch tool.

"I think there's a chance they will, and Dudley saying there's a chance they will is significant," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut, noting that the stock market has been strong, as well as the jobs numbers.

Continued expectations of low interest rates have helped stocks rise to record highs, with the S&P 500 index notching 10 all-time closing highs so far this year.   Continuación...