US STOCKS-Wall St climbs as tech shares lead

jueves 18 de diciembre de 2014 12:15 GYT
 

* Brent crude pares early gains to turn flat

* Initial claims point to strengthening labor market

* Oracle up after results

* Indexes up: Dow 1.19 pct, S&P 1.2 pct, Nasdaq 1.33 pct (Adds Philly Fed data)

By Chuck Mikolajczak

NEW YORK, Dec 18 (Reuters) - U.S. stocks climbed on Thursday, led by tech shares, to build on the prior session's rally in the wake of the U.S. Federal Reserve's policy statement.

The benchmark S&P 500 index had notched its best day since October 2013 on Wednesday after the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates.

The technology sector, up 1.8 percent, helped fuel the advance, buoyed by a gain of over 8 percent in Oracle Corp to $44.47 after its quarterly results topped Wall Street expectations.

Oil prices were volatile, with Brent crude hitting a high of $63.70 and WTI crude reaching $58.73 before turning slightly lower. After climbing more than 2 percent, the S&P Energy sector was last up 0.1 percent as the worst performing S&P sector.   Continuación...