US STOCKS-Wall St flat as consumer stocks gain, energy dips

lunes 28 de marzo de 2016 11:41 GYT
 

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

* GameStop down after disappointing revenue forecast

* Dow flat, S&P down 0.03 pct, Nasdaq down 0.17 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

March 28 (Reuters) - U.S. stocks were little changed on Monday as gains in consumer stocks following encouraging data offset the impact of a dip in crude oil prices on the energy sector.

Consumer spending rose marginally in February and overall inflation retreated - factors that will feed into the U.S. Federal Reserve's decision on 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.

Investors will parse Fed Chair Janet Yellen's comments, when she speaks in New York on Tuesday, for clues on when the central bank will raise rates.

"I think today's action will be in anticipation of what Yellen will say tomorrow and if she gives an indication of what they will do in April when they meet," said Mohanned Aama, managing director of Beam Capital Management in New York.   Continuación...