US STOCKS-Wall St treads water ahead of Fed meeting, data

lunes 14 de marzo de 2016 14:48 GYT

* Starwood rises after unsolicited buyout proposal

* GW Pharma doubles after epilepsy drug trial succeeds

* Oil prices fall as much as 4 pct

* Dow up 0.16 pct, S&P down 0.11 pct, Nasdaq up 0.06 pct (Updates to afternoon)

By Laila Kearney

NEW YORK, March 14 (Reuters) - Wall Street was flat on Monday afternoon as losses in energy shares were offset by consumer discretionary gains and investors laid low ahead of a U.S. Federal Reserve meeting.

The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes.

"If investors are inclined to make a bet, then they're better served by waiting a few days," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

Global oil prices fell as much as 4 percent on concerns a six-week market recovery has gone beyond fundamentals.   Continuación...