US STOCKS-Wall Street slightly lower as crude oil slips

miércoles 2 de marzo de 2016 11:02 GYT
 

* U.S. crude down about 1 pct

* Zynga up after naming new CEO

* Feb ADP jobs data beats estimates

* Indexes down: Dow 0.20 pct, S&P 0.13 pct, Nasdaq 0.03 pct (Updates to open)

By Abhiram Nandakumar

March 2 (Reuters) - Wall Street edged lower on Wednesday as oil prices slipped after data showed U.S. crude stockpiles touched record highs.

U.S. crude fell about 1 percent after a report from the American Petroleum Institute (API) showed that an increase in crude stockpiles was way above estimates.

Wall Street closed sharply higher on Tuesday, helping the S&P 500 claw back most of its losses in the last two months. The index, which had fallen as much as 10.5 percent, is now down only about 3 percent for the year.

"The market got severely overbought yesterday," said Jeffrey Saut, chief investment strategist at Raymond James Financial in Florida. "It would not be surprising to see stocks pull back a little bit here."   Continuación...