US STOCKS-Wall St drops amid global growth worries

jueves 7 de abril de 2016 16:53 GYT
 

* Financials lead declines

* Dollar lowest vs. Yen since 2014

* Indexes down: Dow 1 pct, S&P 1.2 pct, Nasdaq 1.5 pct (Updates to close)

By Caroline Valetkevitch

April 7 (Reuters) - U.S. stocks dropped on Thursday as oil prices slid and worries about the global economy resurfaced, dragging down the dollar against the Japanese yen and causing investors to flee riskier assets.

The S&P 500 posted its biggest daily percentage loss in six weeks.

The growth worries weighed especially on interest-rate sensitive financials, strategists said, with the group down 1.9 percent and the biggest drag on the S&P 500.

"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 than stability."   Continuación...