US STOCKS-Wall St gains with energy bounce, Pfizer deal

jueves 5 de febrero de 2015 14:12 GYT
 

* Pfizer to buy Hospira for about $15 billion

* Michael Kors tumbles after results, outlook

* Crude climbs to push energy shares higher

* Indexes up: Dow 0.9 pct, S&P 0.8 pct, Nasdaq 0.6 pct (Updates to midday, changes byline)

By Caroline Valetkevitch

NEW YORK, Feb 5 (Reuters) - U.S. stocks climbed on Thursday as energy shares bounced with oil prices, while news Pfizer would buy Hospira in a massive deal also lifted investor sentiment.

Adding to the upbeat tone, weekly jobless claims rose less than expected last week. The report comes on the heels of a private payrolls report that fell short of expectations on Wednesday and ahead of a monthly employment report on Friday.

Oil prices bounced from the prior session's selloff, with U.S. crude up 5.6 percent to $51.15, while the S&P energy index jumped 1.3 percent.

"Anytime you have M&A it's always positive for the market, and of course you have oil prices rebounding," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. "From a technical perspective, the market has been doing pretty good, and the earnings season is winding down ... and in general it wasn't all that bad."   Continuación...