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

lunes 28 de marzo de 2016 13:16 GYT
 

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

* GameStop down after disappointing revenue forecast

* Indexes up: Dow 0.27, S&P 0.20 pct, Nasdaq 0.06 pct (Updates to early afternoon)

By Abhiram Nandakumar

March 28 (Reuters) - U.S. stocks swung between small gains and losses on Monday as consumer shares rose after encouraging data, offsetting the impact of a dip in crude oil prices on the energy sector.

Data showed 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.

Some Fed officials, encouraged by a raft of positive data in the past few weeks, have supported the case for more than one rate hike this year even as central banks around the world consider more stimulus measures.

However, data released on Monday suggested the Fed could remain cautious, adding to the uncertainty around the its next rate hike.

Investors will pay close attention to Fed Chair Janet Yellen's speech in New York on Tuesday for clues on when the central bank will raise rates.   Continuación...