US STOCKS-Wall St lower as dollar's run weighs on oil

jueves 24 de marzo de 2016 09:59 GYT
 

* Crude prices fall below $40 a barrel

* Wells Fargo down after UBS starts coverage with sell

* Futures down: Dow 0.49 pct, S&P 0.63 pct, Nasdaq 0.53 pct (Updates to open)

By Abhiram Nandakumar

March 24 (Reuters) - Wall Street was lower on Thursday morning, ahead of the long Easter weekend, as a stronger dollar weighed on crude oil.

The dollar was on track for its best streak of gains in almost a year after comments by U.S. Federal Reserve policymakers suggested support for more than one increase in interest rates this year.

St Louis Fed President James Bullard, a voting member of the Federal Open Market Committee, became the latest official to take a hawkish stance after he said on Thursday that another rate hike may not be far off.

The comments by Fed officials come after Fed Chair Janet Yellen adopted a cautious tone on raising rates and said the central bank remains data dependant and wary of weak global financial and economic conditions.

Investors will now assess data to gauge the health of the economy as they begin to price in the possibility of more rate hikes in 2016 than anticipated.   Continuación...