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

jueves 5 de febrero de 2015 15:48 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 afternoon)

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 boosted 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 rising 4.2 percent to settle at $50.48. The S&P energy index jumped 1.3 percent.

The combination of M&A news and a rebound in oil prices is helping the market, said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. "Anytime you have M&A, it's positive for the market," he said, because it's a sign that there's further economic growth ahead.   Continuación...