US STOCKS-Wall St lower as weak trade data offsets rally in oil prices
* March trade deficit hits near 6-1/2 year high
* Disney hits record high after results
* Tech stocks biggest drag on indexes
* Indexes off: Dow 0.5 pct, S&P 0.8 pct, Nasdaq 1.3 pct (Adds details, changes comment, updates prices)
By Tanya Agrawal
May 5 (Reuters) - U.S. stocks were lower in morning trading on Tuesday after the U.S. trade deficit surged in March, suggesting that economic growth contracted in the first quarter and negating the boost to energy stocks from the highest oil prices this year.
The $51.4 billion deficit was the highest in nearly 6-1/2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross domestic product last week.
"Everyone is now keeping an eye on Friday's jobs numbers to see if last month's dismal numbers were a momentary blip or for real," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.
The wider trade deficit dampened the effect of a rebound in service sector growth in April. Continuación...