US STOCKS-Wall St turns negative as oil rally fades, tech stocks drag

miércoles 7 de octubre de 2015 11:38 GYT
 

* Crude oil hit by report of higher stockpiles

* Tech stocks weigh, Apple biggest drag on Dow, S&P, Nasdaq

* Yum Brands slumps on China worries

* Indexes down: Dow 0.1 pct, S&P 0.14 pct, Nasdaq 0.39 pct (Adds details, changes comment, updates prices)

By Tanya Agrawal and Abhiram Nandakumar

Oct 7 (Reuters) - Wall Street turned negative in late morning trading on Wednesday as tech stocks, led by Apple , fell and a rally in crude oil prices was checked.

A U.S. government report showed U.S. crude stocks rose more than expected last week, halting a rally earlier after a report showed demand would rise by its fastest rate in six years in 2016.

The S&P energy index, earlier the best performing among the 10 major S&P sectors, was down 0.59 percent. The S&P technology index's 0.85 percent drop was the biggest decline.

Expectations that the Federal Reserve will lift interest rates this year are fading, with concerns mounting about slowing global growth, especially in China, and its effect on corporate results.   Continuación...