US STOCKS-Wall St flat as stocks pause after recent rally

jueves 26 de mayo de 2016 10:02 GYT
 

* April durable goods numbers soar

* Oil prices move above $50 a barrel

* Abercrombie slumps after sales fall for 13th straight quarter

* Indexes up: Dow 0.12 pct, S&P 0.10 pct, Nasdaq 0.07 pct (Updates to open)

By Ankur Banerjee

May 26 (Reuters) - U.S. stocks were little changed at the open on Thursday, taking a breather from their robust two-day run, as investors keenly await a speech from Fed Chair Janet Yellen on Friday.

Oil topped the psychologically important $50 a barrel on Thursday, as a global supply glut showed signs of easing.

Comments from policymakers in recent days and upbeat U.S. economic data have raised expectations that the Federal Reserve could pull the trigger on a rate increase much sooner than previously thought.

Traders are now pricing in a 32 percent chance of a rate hike in June, up from just 4 percent early last week, according to CME Group's FedWatch tool.   Continuación...