US STOCKS-Wall St pares losses on strong data, oil recovery

miércoles 6 de julio de 2016 11:38 GYT
 

* ISM non-manufacturing index up 56.5 vs est 53.3

* U.S. Treasury yields touch record low

* Dow down 0.16 pct, S&P down 0.09 pct, Nasdaq up 0.24 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 6 (Reuters) - The S&P 500 and the Dow pared losses in late morning trade on Wednesday as robust economic data and recovering oil prices helped alleviate investor concerns about a global economic slowdown.

Nasdaq turned positive, helped by biotech stocks. Celgene's 4 percent rise gave the biggest boost to the index.

The pace of growth in the U.S. service sector increased in June was the fastest in seven months, according to an industry report released on Wednesday.

Brexit-related worries continued to weigh on the market and investors looked for safe havens. Gold rallied to a two-year high, while the benchmark 10-year U.S. Treasury yield touched a record low.

Major Asian and European indexes were lower. The British pound was at a 31-year low, while China allowed the value of the yuan to touch a 5-1/2 year low.   Continuación...