US STOCKS-Wall St flat as investors pause ahead of Fed meeting

lunes 14 de marzo de 2016 13:00 GYT
 

* Starwood rises after getting unsolicited buyout proposal

* GW Pharma doubles after epilepsy drug trial succeeds

* U.S. crude down more than 4 pct

* Dow up 0.13 pct, S&P down 0.12 pct, Nasdaq up 0.11 pct (Updates to early afternoon)

By Abhiram Nandakumar

March 14 (Reuters) - Wall Street was little changed on Monday as losses in energy shares were offset by gains in consumer discretionary stocks and investors paused ahead of the U.S. Federal Reserve's meeting on monetary policy this week.

U.S. crude fell more than 4 percent after Iran quashed hopes of a quick deal by major producers to freeze output. Brent crude fell below $40 a barrel.

"Looks like a slight hangover from the party that we had last week," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

A recent recovery in oil prices and data pointing to a strengthening U.S. economy have helped stocks recover from a steep selloff at the start of the year.   Continuación...