US STOCKS-Wall St lower as energy, materials stocks drag

jueves 17 de diciembre de 2015 12:29 GYT
 

* Indexes reverse course after higher open

* Pandora soars after comments on new music royalties

* FedEx rises after Q3 profit beats view

* Indexes down: Dow 0.65 pct, S&P 0.81 pct, Nasdaq 0.59 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

Dec 17 (Reuters) - Wall Street looked set to snap a three-day rally on Thursday, dragged down by energy and materials stocks, a day after the Federal Reserve raised interest rates for the first time in nine years.

Crude oil prices resumed their slide after gaining earlier in the day on persistent oversupply worries and after the dollar hit a two-week high.

The central bank raised its benchmark rate by 25 basis points to between 0.25 percent and 0.50 percent, signaling confidence in the strength of the world's largest economy.

Global stocks surged on Fed Chair Janet Yellen's assurance that further tightening would be gradual and heavily dependent on inflation, which remained firmly below the central bank's 2 percent target.   Continuación...