US STOCKS-Wall St falls amid global growth worries

jueves 7 de abril de 2016 15:35 GYT
 

* Crude falls, weighs on energy

* Financial lead declines

* Indexes down: Dow 1.1 pct, S&P 1.3 pct, Nasdaq 1.5 pct (Updates to late afternoon)

By Caroline Valetkevitch

April 7 (Reuters) - U.S. stocks dropped Thursday as oil prices slid and worries about the global economy resurfaced, putting pressure on the dollar as investors fled riskier assets and sought safety in the yen and gold.

"There's concern about a global slowdown," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

"I think what we're seeing is the market believes that these (global central bank) policies and discussions on negative rates have diminishing returns at this point and are creating more harm than good, more uncertainty."

Minutes from the Fed's March meeting released on Wednesday pointed to concerns about the central bank's limited ability to tackle a global economic slowdown, reducing the odds of a rate increase before June.

While the Fed has projected two rate increases this year, the market is pricing in a near 60-percent chance of a hike in December, according to CME Group's FedWatch Program.   Continuación...