US STOCKS-Wall St set for lower open as crude oil prices slide

miércoles 20 de enero de 2016 10:05 GYT

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By Tanya Agrawal and Abhiram Nandakumar

Jan 20 (Reuters) - U.S. stock indexes were set for a sharply lower open on Wednesday, tracking global markets, as crude oil prices tumbled to new lows and fears of slowing growth continued to gnaw at investors.

U.S. crude wallowed at its lowest since 2003 and Brent held close to 12-year lows as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand.

Fears of a slowdown in China, the world's second-largest economy and a key market for U.S. companies, has also weighed on equities, leading to turbulent start to the year on Wall Street.

"The focus remains on oil and the impact of low oil prices, which points to slowing growth and possibly, even stagnant to negative growth here in the United States," said Peter Cardillo, chief market economist at First Standard Financial in New York.   Continuación...