US STOCKS-Wall St pauses after mid-week rally

viernes 15 de abril de 2016 12:47 GYT
 

* Crude down more than 2 pct

* Citigroup up after results

* Indexes down: Dow 0.11 pct, S&P 0.11 pct, Nasdaq 0.06 pct (Updates to early afternoon)

By Abhiram Nandakumar

April 15 (Reuters) - Wall Street was slightly lower on Friday as investors digested U.S. corporate earnings as well as data that pointed to a slow global economic recovery, ahead of a crucial meeting of oil producers to help tackle a global surplus.

Crude was down more than 2 percent ahead of Sunday's meeting in Doha, led by top exporters Saudi Arabia and Russia, to discuss a production freeze.

The nervousness about the meeting overshadowed positive Chinese data, which showed the country's gross domestic product in the first quarter was in line with expectations - another sign that Asia's largest economy was on the mend.

Citigroup followed other big banks in reporting a lower-than-expected fall in quarterly profit. Citi's shares were up marginally at $45.14.

The S&P financial sector, which has been lagging other major sectors this year, has jumped about 4 percent this week as banks face tempered profit expectations.   Continuación...