US STOCKS-Wall St rally falters as oil prices skid

jueves 30 de junio de 2016 10:04 GYT
 

* Oil prices fall about 2 pct

* GE boosts S&P

* Indexes up: Dow 0.19 pct, S&P 0.05 pct, Nasdaq 0.04 pct (Updates to open)

By Yashaswini Swamynathan

June 30 (Reuters) - A two-day rally by U.S. stocks faltered on Thursday as oil prices fell sharply and investors shifted their focus from Brexit to broader economic factors.

The three major indexes have recouped more than half of the losses suffered after a shock vote by Britain to leave the European Union. In a two-day panic selloff after the vote, global markets lost about $3 trillion in value.

Oil prices fell about 2 percent, snapping a two-day rally, as investors booked profits amid resumption of supply from Nigeria.

"The focus now shifts to reality and the performance of the global economy, which is not all that promising," said Peter Cardillo, chief market economist at First Standard Financial in New York.

Cardillo also noted that some traders would make adjustments to their portfolios as the quarter ends.   Continuación...