US STOCKS-Decline in energy stocks weighs on Wall St

miércoles 23 de marzo de 2016 11:23 GYT
 

* Crude falls more 2 pct

* Nike down after revenue misses estimates

* Indexes down: Dow 0.13 pct, S&P 0.22 pct, Nasdaq 0.56 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

March 23 (Reuters) - A decline in energy stocks weighed on Wall Street on Wednesday as investors backed away from risk in a week marred by the Brussels attacks and shortened by the Good Friday holiday.

Oil prices fell more than 2 percent after data showing a rise in U.S. stockpiles last week rekindled worries about a global glut.

Gold and metals prices also fell as the dollar strengthened on hawkish comments from U.S. Federal Reserve policymakers.

The Dow Jones industrial average held on to meager gains for the year after a five-week rally helped the market recover from a steep selloff at the start of 2016. The S&P 500 flip-flopped between gains and losses for the year.

"We don't like to have big positions over long weekends, and we'll probably work on cleaning those up over the next few days so we can watch basketball in peace," said Doug Burtnick, senior investment manager at Aberdeen Asset Management.   Continuación...