US STOCKS-Wall St falls amid global growth worries

jueves 7 de abril de 2016 18:00 GYT

* Financials lead declines

* Dollar hits lowest vs yen since 2014

* Indexes down: Dow 1 pct, S&P 1.2 pct, Nasdaq 1.5 pct (Updates with Gap shares down after the bell)

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 yen and causing investors to flee riskier assets.

The S&P 500 posted its biggest daily percentage loss in about six weeks, while the growth worries weighed especially on interest-rate sensitive financials, strategists said. The group fell 1.9 percent and was 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."

The Dow Jones industrial average closed down 174.09 points, or 0.98 percent, to 17,541.96, the S&P 500 lost 24.75 points, or 1.2 percent, to 2,041.91 and the Nasdaq Composite dropped 72.35 points, or 1.47 percent, to 4,848.37.   Continuación...