US STOCKS-Japan recession weighs on Wall St but M&A supports

lunes 17 de noviembre de 2014 11:19 GYT

* Baker Hughes rallies on Halliburton deal; crude futures fall

* DreamWorks shares slide as Hasbro talks stall

* Major indexes down less than 0.1 percent (Updates to morning trading)

By Rodrigo Campos

NEW YORK, Nov 17 (Reuters) - U.S. stocks dipped on Monday, following four consecutive weeks of gains on Wall Street, as energy shares fell alongside crude futures after Japan slipped into recession.

Merger and acquisition news offset the declines as Halliburton said it would buy Baker Hughes and Allergan agreed to be bought by Actavis.

Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.

The Japanese data took crude futures prices lower, with Brent off 0.8 percent at $78.74 per barrel. Brent futures prices have fallen in the last eight weeks and are down nearly 30 percent from June.

The energy sector was the largest weight on the S&P 500, down 0.8 percent.   Continuación...