US STOCKS-Wall St weighed down by energy, materials stocks

lunes 25 de enero de 2016 14:02 GYT
 

* Crude oil falls after last week's gains

* Tyco jumps after deal to merge with Johnson Controls

* Twitter falls as 4 top executives to leave co

* Indexes down: Dow 0.39 pct, S&P 0.59 pct, Nasdaq 0.46 pct (Updates to early afternoon)

By Abhiram Nandakumar

Jan 25 (Reuters) - Wall Street looked set to snap a two-day rally in muted trade on Monday as retreating oil prices pulled down materials and energy stocks.

Crude prices resumed their slide after a strong two-day run last week, falling more than 4 percent on news that Iraq flooded a heavily oversupplied oil market with record output.

Wall Street is coming off its first week of gains in the year, with the three major indexes rising 2 percent on Friday.

Investors, already rattled by the volatile start to the year and a steep fall in oil prices, are awaiting U.S. GDP data on Friday for a reading on the health of the economy and the U.S. Federal Reserve's policy meeting on Jan. 26-27.   Continuación...