US STOCKS-Wall St lower over rising global growth fears

jueves 7 de abril de 2016 13:03 GYT
 

* Crude falls 2 pct

* Jobless claims down more than expected last week

* Valeant up after securing waiver to credit facility

* Indexes down: Dow 0.89 pct, S&P 1.03 pct, Nasdaq 1.19 pct (Updates to early afternoon)

By Abhiram Nandakumar

April 7 (Reuters) - Wall Street was lower on Thursday as oil prices slid and investors worried that measures taken by central banks may not be enough to put the global economy back on track.

Crude fell more than 2 percent as a rise in Iraqi exports offset gains from an unexpected fall in U.S. inventories. Exxon fell 1.4 percent.

Minutes from the Fed's March meeting released on Wednesday pointed to concerns about the central bank's limited ability to tackle a global economic slowdown, reducing the odds of a rate increase before June.

While the Fed has projected two rate increases this year, the market is pricing in a near 60-percent chance of a hike in December, according to CME Group's FedWatch Program.   Continuación...