US STOCKS-Indexes lower as crude oil prices hover near 11-yr low
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* Indexes down: Dow 0.32 pct, S&P 0.36 pct, Nasdaq 0.47 pct (Adds details)
By Abhiram Nandakumar
Dec 14 (Reuters) - U.S. stocks were slightly lower in volatile trading on Monday, two days ahead of an expected U.S. interest rate hike, as crude oil prices hovered near 11-year lows.
The S&P energy sector was down 0.95 percent on Monday, with crude staying firmly below $40 a barrel, amid mounting fears of a worsening supply glut as OPEC and non-OPEC producers war over prices.
The meltdown in the energy sector has hit the U.S. high-yield energy bonds, while the overall cash market weakened slightly on more fund liquidations.
"It's the (Fed) communiqué that's going to count, but the real problem here is the junk bond market, which is tied to oil prices," said Peter Cardillo, chief market economist at First Standard Financial in New York. Continuación...