CORRECTED-US STOCKS-Wall St mixed as investors eye future rate hikes

viernes 26 de febrero de 2016 17:55 GYT
 

(Corrects implied expectations of rate hikes in paragraph 5 and removes link to Feb 19 story)

* Crude rally peters out but energy stocks cling to gains

* Fourth-quarter GDP expanded at 1 pct annual rate

* J.C. Penney shares jump after results

* Indexes: Dow -0.09 pct, S&P +0.04 pct, Nasdaq +0.29 pct

By Noel Randewich

Feb 26 (Reuters) - Wall Street was mixed on Friday as concerns about the timing of future interest rate hikes offset gains in materials and energy stocks.

In a break from a trend seen for much of this year, energy shares clung to gains even after a rally in crude oil prices faded, with ConocoPhillips up 3.72 percent.

The S&P materials index led the market with a 1.46 percent rise, rising for a third straight day. The utility sector fell 2.48 percent, with Duke Energy 2.80 percent lower.   Continuación...