US STOCKS-Wall St falls as weak Chinese data, oil slump weigh

martes 8 de diciembre de 2015 14:01 GYT

* Oil prices hit fresh post 2009 lows, before paring some losses

* Data shows China's imports fell for 13th consecutive month

* Outerwall slumps after cutting full-year forecast

* Indexes down: Dow 0.98 pct, S&P 0.75 pct, Nasdaq 0.32 pct (Updates to early afternoon)

By Tanya Agrawal

Dec 8 (Reuters) - Wall Street was lower on Tuesday as oil prices steadied but hovered near their 7-year low and weak Chinese trade data reignited fears of a global economic slowdown.

U.S. crude fell below $37 per barrel and Brent below $40 for the first time since early 2009, before paring some of those losses.

Oil major Exxon was down 2.2 percent, making it the biggest drag on the S&P. The S&P energy sector was down 0.99 percent, on track to close in the red for the fifth straight day. The sector has lost more than 11 percent since Dec. 2.

"We do think oil is putting in a bottom here as U.S. production is expected to fall and view this as a good buying opportunity," said Gary Bradshaw, portfolio manager of Hodges Capital Management in Dallas, Texas.   Continuación...