US STOCKS-Wall St ends lower, S&P 500 down for third straight day

martes 23 de septiembre de 2014 16:23 GYT
 

* Indexes: Dow off 0.6 pct, S&P 0.5 pct, Nasdaq down 0.4 pct

By Ryan Vlastelica

NEW YORK, Sept 23 (Reuters) - U.S. stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth.

The day's losses were broad, with all ten primary S&P sectors down. Consumer staples were the weakest on the day, off 0.9 percent, while industrials lost 0.8 percent.

Wall Street's losses tracked Europe's 1.3 percent slump, after data showed a contraction in French business activity and slower growth in German manufacturing this month.

The European data "is a little concerning," said David Lebovitz, global market strategist for J.P. Morgan Funds in New York. "We didn't expect things to improve there forever and always, but we are seeing a bit of a slowdown, which is weighing a bit."

Unrest abroad added an element of caution to the market after the launch of U.S. air strikes in Syria against Islamic State fighters. The tension lifted crude oil prices 0.6 percent to $91.44 per barrel.

"It will be important to see how this issue plays out, but so far oil has been pretty well behaved," Lebovitz said. "So long as it remains under $100, markets should be able to take this in stride. Past that level, it will become a drag on consumption."

The Dow Jones industrial average fell 116.81 points, or 0.68 percent, to 17,055.87, the S&P 500 lost 11.52 points, or 0.58 percent, to 1,982.77 and the Nasdaq Composite dropped 19.00 points, or 0.42 percent, to 4,508.69.   Continuación...