US STOCKS-Wall St falls as jobs data raises chances of Sept rate hike

jueves 13 de agosto de 2015 10:07 GYT
 

* Weekly jobless claims 4-week average lowest since 2000

* July retail sales rise more-than-expected

* China says no basis for further depreciation of yuan

* Cisco up after strong results, boosts 3 major indexes

* Indexes down: Dow 0.2 pct, S&P 0.2 pct, Nasdaq off marginally (Updates to open)

By Tanya Agrawal

Aug 13 (Reuters) - Wall Street fell in morning trading on Thursday as strong U.S. economic data increased the likelihood that the Federal Reserve would raise interest rates in September, rather than later in the year.

U.S. retail sales rebounded in July. The four-week moving average of weekly jobless claims fell to its lowest since April 2000, pointing firmly to a tightening jobs market.

While inflation remains below what the Fed would like to see, the labor markets have continued to strengthen - a key factor in the central bank's timing of a rate hike.   Continuación...