US STOCKS-Wall St slips with oil; CPI data shows inflation firming

viernes 19 de febrero de 2016 11:04 GYT
 

* January core CPI up 0.3 pct, beats estimates

* Crude falls 3 pct; energy stocks lead losses

* Nordstrom, VFC Corp down after results

* Indexes down: Dow 0.44 pct, S&P 0.47 pct, Nasdaq 0.33 pct (Updates to open)

By Abhiram Nandakumar

Feb 19 (Reuters) - U.S. stock indexes were lower on Friday morning, led by energy shares as a rally in oil prices fizzled out, and as CPI data indicating firmer inflation trends rekindled prospects of a rate hike this year.

All 10 major S&P sectors were lower. The energy sector fell 1.28 percent, led by Chevron and Exxon . Consumer discretionary stocks were also hit by weak results from VF Corp and Nordstrom.

Crude prices, which have moved in lockstep with the stock market for much of the year, dropped about 3 percent after a record increase in U.S. stockpiles.

"Seeing a little bit of a pause from the extremes that we've been put through over the past several weeks," said Eric Wiegand, senior portfolio manager at the Private Client Reserve at U.S. Bank in New York.   Continuación...