US STOCKS-Wall St dips as energy, consumer stocks weigh

lunes 17 de octubre de 2016 13:05 GYT
 

* Oil price drop weighs on energy stocks

* Netflix drops ahead of quarterly report

* Fed's Fischer says "not that simple" to raise rates

* Indexes down: Dow 0.18 pct, S&P 0.14 pct, Nasdaq 0.05 pct (Updates to early afternoon)

By Yashaswini Swamynathan

Oct 17 (Reuters) - Wall Street was near session lows on Monday afternoon as energy stocks slipped along with oil prices, and Amazon and Netflix weighed on consumer stocks.

Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates, but said it was "not that simple" for the Fed to raise rates.

The comments from Fischer, a dove who has supported a rate hike, come even as other Fed officials have recently said the current state of affairs may be about as good as it gets.

The central bank's lack of clarity on the timing of a rate hike is seen aggravating the uncertainty in the markets that has been sparked by changing dynamics in a tightly-run race for the White House and nervousness regarding third-quarter earnings.   Continuación...