US STOCKS-Wall St rally fades as crude retreats, Amazon weighs

miércoles 13 de enero de 2016 12:42 GYT
 

* Oil pares gains after data shows U.S. crude buildup

* China December trade data better than expected

* Microsoft rises on Morgan Stanley upgrade

* GM gains, Ford drops on contrasting forecasts

* Dow down 0.05 pct, S&P up 0.08 pct, Nasdaq down 0.12 pct (Adds details,)

By Abhiram Nandakumar

Jan 13 (Reuters) - Wall Street's early gains evaporated on Wednesday morning, led by a drop in Amazon and other consumer discretionary stocks, while crude oil prices struggled to end their losing streak.

Amazon fell 2.3 percent to $603.77 and was the biggest drag on the S&P 500 and the Nasdaq.

Crude prices once again moved towards $30 per barrel, but held ground above the key level, after data showed a bigger-than-expected increase in U.S. crude stockpiles last week.   Continuación...