US STOCKS-Growth worries, rate hike uncertainty pull Wall St down

lunes 8 de febrero de 2016 18:24 GYT
 

* U.S. banks follow European peers lower

* Cognizant falls after weak forecast

* Financial index down 14.6 pct YTD, 20 pct from 2015 high

* Indexes down: Dow 1.1 pct, S&P 1.4 pct, Nasdaq 1.8 pct (Adds closing prices, investor comment, sector details)

By Caroline Valetkevitch

Feb 8 (Reuters) - U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day.

European banks led a global selloff in financial stocks as signs of stress in the sector mounted.

Uncertainty over whether the Federal Reserve would raise rates this year also dragged down U.S. bank stocks, pushing the S&P financial index down 2.6 percent.

The index is off 14.6 percent for the year, the worst-performing of the 10 major S&P sectors. It is down more than 20 percent from its July 2015 high, confirming the sector is in the grip of a bear market.   Continuación...