US STOCKS-Wall St little changed; Google boosts Nasdaq

martes 24 de marzo de 2015 10:52 GYT
 

* Google up 2 pct as CFO to move in from Morgan Stanley

* Shares of miner Freeport fall after it slashes dividend

* Whiting Petroleum shares tumble after share, note offering

* Dow, S&P 500 flat; Nasdaq up 0.26 pct (Updates prices, adds data, comment)

By Rodrigo Campos

NEW YORK, March 24 (Reuters) - Stocks were little changed on Wall Street on Tuesday, with slight moves in tight lock step with currency variations as traders focused on the dollar's strength and its possible effect on corporate earnings.

The Nasdaq outperformed other major indexes, boosted by a 2 percent gain in Google shares. Morgan Stanley's chief financial officer is leaving the bank to join Google.

Data from home sales to inflation and manufacturing indicated the U.S. economy remains strong, but failed to alter expectations of a faster or steeper monetary policy tightening path at the Federal Reserve.

Traders have been focused on how the Fed will react to economic data, as a June interest rate increase remains on the table. Stocks have been inversely correlated to the strength of the U.S. dollar.   Continuación...