US STOCKS-Wall St flat as investors pause after 5-week rally

lunes 21 de marzo de 2016 13:05 GYT
 

* Starwood up after Marriott's higher offer

* IHS up after deal to buy Markit

* Valeant soars on search for new CEO; Ackman to join board

* Dow up 0.08 pct, S&P down 0.05 pct, Nasdaq up 0.05 pct (Updates to early afternoon)

By Abhiram Nandakumar

March 21 (Reuters) - Wall Street flip-flopped between meager losses and gains on Monday as investors sought fresh trading catalysts after a five-week rally that helped stocks recover from a rout this year.

The rally pushed the Dow and the S&P 500 into positive territory for the year last week.

"Our market is really resting on the back of the dovish statement from the Fed and waiting to see where we are headed with the economic data," said Lisa Kopp, head of traditional investments at U.S. Bank Wealth Management in Minneapolis.

The U.S. Federal Reserve's accommodative move last week to cut the number of expected rate hikes this year to two was the latest among a slew of measures by central banks to support growth and calm the turmoil in global financial markets.   Continuación...