US STOCKS-Wall Street dips after Fed's Yellen as energy weighs

miércoles 15 de julio de 2015 15:24 GYT

* Turmoil abroad unlikely to hit U.S. economy - Yellen

* Bank of America rises after profit more than doubles

* Macy's rises after Starboard announces stake

* Indexes off: Dow 0.18 pct, S&P 0.23 pct, Nasdaq 0.24 pct (Updates to late afternoon, changes byline, adds Beige Book)

By Tanya Agrawal

July 15 (Reuters) - U.S. stocks dipped on Wednesday after Federal Reserve Chair Janet Yellen said the central bank was ready to raise interest rates if the economy remains on track, with turmoil abroad unlikely to affect the U.S. economy.

The energy sector, off 1.9 percent, also weighed as oil prices retreated on concerns increased exports will add to a global supply glut. Brent settled down $1.46 at $57.05 while U.S. crude settled down $1.63 at $51.41 a barrel.

Financials, up 0.9 percent, helped curb declines. The group was buoyed by a 3.4 percent rise in Bank of America to $17.72 and a 3.7 percent gain in U.S. Bancorp to $45.51 after their quarterly results.

The declines put the S&P on track to snap a four-session winning streak, its longest run of gains since January.   Continuación...