US STOCKS-Wall St erases gains as Apple weighs, oil rally fades

miércoles 9 de diciembre de 2015 13:52 GYT
 

* Dow Chemical, DuPont jump on reported merger talks

* Energy stocks trim gains as oil recovery stalls

* Indexes down: Dow 0.41 pct, S&P 0.73 pct, Nasdaq 1.35 pct (Updates to early afternoon)

By Tanya Agrawal

Dec 9 (Reuters) - Wall Street reversed course and fell in early afternoon trading on Wednesday as a brief rally in oil prices fizzled and shares of Apple slipped, offsetting gains in raw materials stocks.

Crude oil prices resumed their slide, after rising as much as 4 percent earlier in the day. Many investors expect oil to fall below 2008 lows due to a global supply glut.

The energy index trimmed earlier gains and was up 0.8 percent. The index has lost more than 10 percent since the beginning of the month.

Apple was down nearly 2 percent to $115.93, making it the biggest drag on the Nasdaq and the S&P 500.

Dow Chemical was up 10.4 percent at $56.19 while DuPont jumped 11.2 percent to $74.04, after reports that the companies are in talks to merge.   Continuación...