US STOCKS-Drug stocks pull Wall St lower; jobs report in focus

jueves 6 de octubre de 2016 11:25 GYT
 

* Weekly jobless claims fall to 249,000 vs. est. 257,000

* Dollar index surges to 11-week high

* Wal-Mart biggest drag on S&P 500, Dow

* Indexes down: Dow 0.45 pct, S&P 0.25 pct, Nasdaq 0.37 pct (Adds details, comments updates prices)

By Yashaswini Swamynathan

Oct 6 (Reuters) - Drug stocks dragged Wall Street lower on Thursday, while investors anxiously awaited a crucial jobs report that would help set the tone for interest rate hikes in the coming months.

A growing number of Fed officials have argued for higher rates as the labor market remains robust and inflation inches towards the central bank's 2 percent target.

The view was supported by a report that showed the number of Americans filing for unemployment benefits fell to a near 43-year low last week.

"At the moment, what is driving the U.S. market is a repricing around expectations of near-term Fed action," said Bill Merz, investment strategist at U.S. Bank Wealth Management in Minneapolis, Minnesota.   Continuación...