US STOCKS-Wall St lower as Fed puts Dec rate hike in play

jueves 29 de octubre de 2015 12:53 GYT

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* Indexes down: Dow 0.26 pct, S&P 0.13 pct, Nasdaq 0.34 pct (Updates to early afternoon)

By Abhiram Nandakumar

Oct 29 (Reuters) - U.S. stocks eased on Thursday after the Federal Reserve rekindled expectations of an interest rate hike in December and data suggested the economy was ready.

The Fed, which kept rates unchanged at its policy meeting that ended Wednesday, downplayed concerns about global growth and indicated confidence in the U.S. job market's recovery.

Data on Thursday underscored the strength in the labor market, showing that new applications for unemployment benefits remained near levels last seen in 1973.

U.S. GDP growth braked sharply in the third quarter, hurt by an inventory buildup and a slowdown in industrials, but economists expect a pick up in the current quarter given strong domestic fundamentals.   Continuación...