US STOCKS-Wall St little changed as investors assess data

lunes 28 de marzo de 2016 10:06 GYT
 

* U.S. consumer spending up 0.1 pct in Feb

* GameStop down after disappointing revenue forecast

* Dow up 0.03 pct, S&P flat, Nasdaq down 0.2 pct (Updates to open)

By Abhiram Nandakumar

March 28 (Reuters) - Wall Street was little changed on Monday as gains in consumer staples stocks were offset by losses in energy and technology sectors and investors digested February consumer spending data.

Consumer spending rose marginally in February and overall inflation retreated - factors that may feed in to the U.S. Federal Reserve's decision on raising interest rates in 2016.

A stream of recent encouraging data, including Friday's fourth-quarter U.S. GDP numbers, could embolden the Fed to raise rates sooner than expected even as central banks around the world consider more stimulus measures.

Wall Street snapped a five-week winning streak on Thursday as a strengthening dollar weighed on commodity-related shares.

The S&P 500 and the Dow are back in the red for 2016, after staging a sharp recovery from a steep selloff at the beginning of the year.   Continuación...