US STOCKS-Wall St drops, led by consumer stocks

miércoles 13 de enero de 2016 14:15 GYT
 

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

* Amazon biggest drag on S&P 500, Nasdaq

* Five S&P sectors down more than 1 pct

* Indexes down: Dow 0.77 pct, S&P 0.81 pct, Nasdaq 1.26 pct (Updates to early afternoon)

By Abhiram Nandakumar

Jan 13 (Reuters) - Wall Street moved lower on Wednesday, as an early rally once again faded, with Amazon leading consumer discretionary stocks lower and crude oil prices struggling to end a seven-day losing streak.

Nine of the 10 major S&P sectors were lower. While consumer stocks were down through the day, other sectors, including energy and industrial stocks, turned negative around midday.

Crude prices once again slid towards $30 per barrel, but held ground above the key level, as U.S. crude stockpiles rose more than expected last week.

Amazon fell 3.6 percent to a 2-1/2 month low of $598.50 and was the biggest drag on the S&P 500 and the Nasdaq.   Continuación...