US STOCKS-Wall St dips as investors assess rate outlook

viernes 19 de agosto de 2016 16:33 GYT
 

* Investors await Jackson Hole central bankers' meeting next week

* For the week, S&P 500 little changed

* Applied Materials jumps as forecast tops estimates

* Energy stocks drop

* Indexes down: Dow 0.24 pct, S&P 0.14 pct, Nasdaq 0.03 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Aug 19 (Reuters) - U.S. stocks edged lower on Friday, led by declines in utility shares as investors weighed prospects for an interest rate increase in the coming months.

Energy shares also weighed on the market, even though U.S. crude oil prices settled higher.

The S&P utility index, which tends to fall as investor rate hike expectations rise, ended down 1.2 percent. The telecommunications index, also sensitive to changes in interest rates, fell 0.9 percent.   Continuación...