US STOCKS-Wall St climbs as tech shares lead
* 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...