US STOCKS-Energy stocks drag down Wall Street as oil slips

miércoles 24 de febrero de 2016 10:53 GYT

* US crude falls nearly 4 pct

* JP Morgan down as trading rev falls

* Boeing down after Goldman cuts price target

* Indexes down: Dow 1.12 pct, S&P 1.16 pct, Nasdaq 1.31 pct (Updates to open)

By Abhiram Nandakumar

Feb 24 (Reuters) - Wall Street was lower on Wednesday morning, as energy stocks took a hit from a slide in oil prices after Saudi Arabia ruled out a cut in output to help tackle a global glut.

Stocks have closely tracked oil prices this year as investors fret about the health of the global economy. The S&P 500 is down 6 percent for the year, while the Nasdaq composite has shed more than 10 percent.

U.S. crude was down nearly 4 percent, also pressured by data showing an increase in stockpiles. Shares of Chevron were down 2 percent, while Exxon fell 1.9 percent.

"There is very little good news for the market to hang its hat on," said John Brady, managing director at brokerage R.J. O'Brien & Associates in Chicago.   Continuación...