Wall Street dips after rally; indexes set for quarterly gain

March 31, 2015 1:49 PM

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Wall Street dips after rally; indexes set for quarterly gain

NEW YORK (Reuters) - U.S. stock fell on Tuesday in a modest retreat from the previous session's sharp rally, though major indexes remained on track for a positive first quarter and the S&P 500 was set for its ninth straight quarterly rise.

Energy shares will be in focus as crude oil CLc1 fell 1.4 percent to $48 per barrel, sending the S&P Energy index .SPNY down 1 percent and Exxon Mobil Corp (XOM.N) down 1.1 percent to $84.73. Oil is set for its third straight daily decline, losing about 7 percent over that period.

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