US STOCKS-Weak oil prices pull Wall Street away from record levels

miércoles 10 de agosto de 2016 12:46 GYT
 

* Exxon top drag on S&P 500, Dow

* Walt Disney rises after results, deal announced overnight

* Indexes down: Dow 0.16 pct, S&P 0.23 pct, Nasdaq 0.39 pct (Updates to early afternoon)

By Yashaswini Swamynathan

Aug 10 (Reuters) - U.S. stock indexes retreated from record levels as a drop in oil prices pressured energy stocks.

Oil prices fell 1.6 percent in choppy trading after the U.S. government reported a surprise crude stockpile build.

The S&P 500 energy index fell 0.9 percent. Exxon Mobil's 1.5 percent drop was the top drag on the S&P 500 and the Dow.

A rally since late June has left the S&P up nearly 7 percent in 2016, as expectations of continued low interest rates encourage investors to buy into equities. The benchmark index has hit four record intraday highs this month.

However, trading was low on Wednesday in the absence of market-moving information in a traditionally low-volume season.   Continuación...