US STOCKS-Wall St slides as oil prices near 7-year low

lunes 7 de diciembre de 2015 13:58 GYT

* Brent crude nears 7-year low after OPEC meeting

* Airline stocks jump on falling oil prices

* Keurig soars on $13.9 bln buyout deal

* Indexes down: Dow 0.98 pct, S&P 1.01 pct, Nasdaq 0.94 pct (Updates to early afternoon)

By Tanya Agrawal

Dec 7 (Reuters) - Wall Street fell on Monday as energy and raw material stocks took a hit, with oil prices falling to their lowest in nearly seven years.

Brent crude and U.S. crude extended their decline and fell as much as 5 percent, after OPEC's meeting last week failed to address a growing supply glut.

A stronger dollar also made it more expensive to hold crude positions. The dollar rose for a second day and was up 0.3 percent at 98.66 against a basket of major currencies.

Oil majors Exxon and Chevron fell about 3 percent and were the biggest drags on the S&P and among the stocks weighing on the Dow.   Continuación...