US STOCKS-Wall St flounders on BOJ fears as Facebook, M&A boosts wane

jueves 28 de abril de 2016 15:41 GYT

* Apple shares sink after Carl Icahn comments

* Dow down 1.2 pct, S&P down 1 pct, Nasdaq down 1.2 pct (Updates to afternoon)

By Laila Kearney

April 28 (Reuters) - U.S. stocks slid on Thursday afternoon as a midday recovery led by Facebook's earnings coupled with news of promising M&A deals faded and the Bank of Japan's surprising call to cap monetary stimulus continued to rattle investors.

The benchmark S&P 500 lost 21.02 points, or 1 percent, to 2,074.13, the Dow Jones industrial average was down 224.15 points, or 1.24 percent, to 17,817.4, and the Nasdaq Composite dropped 57.04 points, or 1.17 percent, to 4,806.11.

All 10 major S&P 500 sectors were lower, with information technology's 1.6 percent fall leading the decliners.

"This really personifies how important central bank policy is on the market," said Jack Ablin, chief investment officer at BMO Private Bank.

Stocks had dipped early in the day on the BOJ's decision to hold steady in the face of soft global demand and a rise in the yen, jarring markets particularly after media reports that the central bank would likely go deeper into negative interest rates.

The decision came a day after the Federal Reserve decided to hold steady on rates and eased fears that it would signal a rise in June.   Continuación...