US STOCKS-Energy weighs on Wall Street as crude tumbles

Thu Nov 13, 2014 3:22pm EST
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* Wal-Mart climbs after results

* BlackBerry up after partnerships announcement

* Dow up 0.22 pct, S&P off 0.05 pct, Nasdaq up 0.09 pct (Updates prices, changes comment, byline)

By Rodrigo Campos

NEW YORK, Nov 13 (Reuters) - Energy shares fell their most in a month on Thursday as crude prices slid, leaving the S&P 500 little changed despite gains in Wal-Mart and other consumer stocks.

The Dow and S&P 500 earlier hit intraday highs, with Wal-Mart and Apple at record highs. Wal-Mart was up 4.2 percent to $82.50 after posting a 2.9 percent increase in third-quarter revenue. It earlier hit a high of $82.85.

Apple rose as high as $113.45 to a fresh record while Microsoft, up 1.6 percent at $49.55, swelled to a market cap above $407 billion and overtook Exxon Mobil as the second-largest publicly traded U.S. company, behind Apple.

Exxon fell 1.1 percent to $94.39 as the largest weight on the S&P 500 energy sector, which fell 2.2 percent. Brent crude fell under $78 a barrel while U.S. crude tumbled 3.8 percent to $74.27, both at their lowest in more than four years.

Despite the fall in energy prices, gains in consumer stocks were small. Discretionary items are expected to see more demand as lower gasoline costs free cash from consumers.   Continued...