US STOCKS-S&P, Dow fall in choppy trading, Nasdaq flat

martes 4 de octubre de 2016 11:35 GYT
 

* U.S. shares of Deutsche Bank up 1.7 pct

* Apple boosts all three stock indexes

* Dow down 0.15 pct, S&P down 0.19 pct, Nasdaq up 0.03 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Oct 4 (Reuters) - The S&P 500 index and the Dow fell in choppy trading on Tuesday, but Apple helped the Nasdaq stay in positive territory.

The markets lost momentum after the International Monetary Fund (IMF) lowered its growth forecast for the U.S. economy to 1.6 percent from 2.2 percent this year.

Ten of the 11 major S&P 500 indexes were down, with the rate-sensitive telecom services and utilities taking the biggest hit.

Apple rose nearly 1 percent to $113.61 and was the top influence on the three major indexes. The iPhone maker extended the global reach of Apple Pay by launching the software in Russia.

"The IMF has a pretty good track record of being able to forecast global growth and certainly when there is a downgrade, the market tends to see a selloff," said Randy Frederick, managing director of trading and derivatives at Charles Schwab in Austin, Texas.   Continuación...