US STOCKS-Wall St falls with oil; CPI data stokes rate hike talk

viernes 19 de febrero de 2016 12:25 GYT
 

* Core CPI data points to firming inflation trends

* Crude falls 4 pct; energy, materials lead losses

* Applied Materials jumps on outlook, props Nasdaq

* Dow down 0.41 pct, S&P down 0.30 pct, Nasdaq up 0.08 pct (Adds details, comment, updates prices)

By Abhiram Nandakumar

Feb 19 (Reuters) - The Dow and S&P 500 slipped on Friday morning as a renewed slide in oil prices weighed on energy and materials stocks and prospects of a rate hike this year were rekindled by data pointing to firmer inflation trends.

The Nasdaq was little changed as Facebook, up 1 percent, and Applied Materials, up 8.5 percent, helped limit losses.

Eight of the 10 major S&P sectors were lower. The energy sector fell 2.05 percent and the materials sector dropped 1 percent.

Crude prices, which have moved in lockstep with the stock market for much of the year, slid more than 4 percent after a record increase in U.S. stockpiles.   Continuación...