US stocks slipped in early trading largely due to losses in the energy shares and increased prospects of a Fed rate hike in April/June. At the time of writing, Dow Jones Industrial Average (DJIA) was down 46 points or 0.26%. S&P 500 index was down 7 points or 0.38%. Tech heavy Nasdaq traded 0.80% lower as well. DJIA oil and gas index dipped 2% as oil prices extended losses after the EIA reported showed a larger-than-expected buildup in the US oil inventories. Shares in Chevron were down 2.43%. Energy names like Chesapeake Energy, Freeport-McMoran, Devon Energy, Newmont Mining and Marathon oil were the top losers from the S&P 500 index. European markets gave up earlier gains, with the Stoxx Europe 600 slipping 0.2%. Meanwhile, Asian equities mostly edged lower. For more information, read our latest forex news.