US STOCKS-Energy, financials drag Wall St as tech rebound fades

martes 9 de febrero de 2016 14:03 GYT
 

* Brent down 5 pct, weighs on energy stocks

* Financials worst performing S&P sector this year

* Viacom, Fox drop as revenue misses estimates

* Indexes down: Dow 0.50 pct, S&P 0.49 pct, Nasdaq up 0.55 pct (Updates to early afternoon)

By Abhiram Nandakumar

Feb 9 (Reuters) - Wall Street was lower on Tuesday, after bouncing between gains and losses in a choppy session, as the beaten-down energy and financials stocks fell further and a rebound in technology faded.

Five of the 10 major S&P sectors were lower, with energy down 2.9 percent and financials off 0.9 percent.

Benchmark Brent crude prices were down 5 percent. The continued slide in oil prices has roiled energy stocks and also weighed on the broader market for most of this year.

But, the financial sector has taken the biggest beating this year, falling 15 percent, as fears of a recession compounded concern about banks' exposure to the energy sector and expectations that interest rates are unlikely to rise quickly.   Continuación...