US STOCKS-Wall Street ends flat after choppy session

lunes 28 de marzo de 2016 16:25 GYT
 

* U.S. consumer spending up 0.1 pct in Feb

* Pandora sinks after music streamer replaces CEO

* Indexes mixed: Dow +0.11, S&P +0.05 pct, Nasdaq -0.14 pct (Updates to close)

By Noel Randewich

March 28 (Reuters) - Wall Street was mixed on Monday as weaker-than-expected U.S. economic data reduced concerns about potential interest rate hikes and a dip in oil prices pushed down energy shares.

U.S. consumer spending barely rose in February and inflation retreated, suggesting the Federal Reserve could remain cautious about raising interest rates this year even as the labor market rapidly tightens.

Trading was choppy and volume was low, with markets closed in Europe.

The S&P has mostly recovered from a 10-percent loss at the start of 2016 but many investors remain wary of potential interest rate hikes, the impact of volatile oil prices and an anemic global economy.

"I don't think we're out of the woods," said Frank Gretz, a technical analyst at Wellington Shields & Co, a brokerage in New York. "I've noticed some loss of momentum in the last week."   Continuación...