US STOCKS-Wall St treads lower as oil weighs on energy stocks

miércoles 31 de agosto de 2016 12:53 GYT

* U.S. crude drops below $45 for first time since Aug. 15

* Exxon, Chevron among top drags on S&P, Dow

* ADP report: 177,000 jobs added in August vs est. 175,000

* Palo Alto drops after disappointing forecast

* Indexes down: Dow 0.64 pct, S&P 0.67 pct, Nasdaq 0.59 pct (Updates to early afternoon)

By Mamidipudi Soumithri and Yashaswini Swamynathan

Aug 31 (Reuters) - Wall Street was down on Wednesday, with the benchmark S&P 500 index marking its biggest decline in four weeks, as a sharp drop in oil prices weighed on energy stocks.

U.S. crude plunged 3.13 percent, falling below the $45 mark for its first time in 12 trading days after data showed a large unexpected weekly build in U.S. crude and distillate stockpiles and a smaller-than-expected draw in gasoline.

The S&P 500 energy index plunged 1.67 percent, making it the biggest decliner among the 10 major S&P 500 indexes.   Continuación...