US STOCKS-Wall St up for fourth straight day; S&P ends at record

lunes 22 de diciembre de 2014 17:20 GYT
 

* Energy shares continue decline as oil falls

* Gilead falls as Express Scripts picks AbbVie treatment

* Dow boosted by gains at Intel, IBM; S&P ends at record

* Indexes up: Dow 0.9 pct, S&P 0.4 pct, Nasdaq 0.3 pct (Updates to close)

By Ryan Vlastelica

NEW YORK, Dec 22 (Reuters) - U.S. stocks rose for a fourth straight session on Monday as large-cap technology shares gained and gave an outsized boost to the Dow, though continued weakness in crude oil weighed on the energy sector.

The S&P 500 ended at a record, though trading was quiet with many market participants out ahead of the upcoming Christmas holiday. About 6 billion shares traded on all U.S. platforms, according to BATS exchange data, compared with the month-to-date average of 7.86 billion.

Tech was the strongest sector of the day, with the S&P information technology sector up 1.1 percent. Intel Corp rose 2.3 percent to $37.21, providing the biggest boost to the Dow, while IBM rose 1.8 percent to $161.44 and Cisco Systems rose 1.6 percent to $28.22. Priceline Group rose 3.6 percent to $1,149.38.

"I wouldn't put a lot of weight on this week's trading, given year-end maneuvers and how slow it is," said Rex Macey, chief allocation officer at Wilmington Trust Investment Advisors in Atlanta, Georgia. "While I'm comfortable with the level of the broader market, I don't think there are obvious bargains. Some may say oil stocks are bargains now, but it's too soon to say."   Continuación...