US STOCKS-Wall St dragged down by oil, lackluster earnings

lunes 25 de abril de 2016 12:53 GYT
 

* Fed meet on April 26-27

* Xerox on track for worst day since Sept 2009

* Tribune Publishing soars after Gannett offer

* Indexes down: Dow 0.61 pct, S&P 0.54 pct, Nasdaq 0.48 pct (Updates to early afternoon)

By Tanya Agrawal

April 25 (Reuters) - Wall Street was lower on Monday as a drop in oil prices, lackluster quarterly earnings and an impending Federal Reserve meeting weighed on investor sentiment.

The central bank's policymakers are expected to hold interest rates steady when they meet on Tuesday and Wednesday, but may tweak their description of the economic outlook to reflect more benign conditions.

Oil prices fell more than 1 percent after traders cited reports of a supply buildup, interrupting the stock market's long bull run. Still, the S&P 500 remained just 2.5 percent short of its record.

Equities have slowed down in the past sessions as investors look for fresh catalysts to propel the indexes beyond their record highs. Underwhelming earnings and the upcoming Fed meeting have put investors in a risk-off mode.   Continuación...