US STOCKS-Wall St up after recent declines; Intel weighs

jueves 12 de marzo de 2015 09:52 GYT
 

* Wall St coming off extended decline

* Weekly jobless claims fall, retail sales disappoint

* Intel shares fall after lowered outlook

* Indexes up: Dow 0.9 pct, S&P 0.7 pct, Nasdaq 0.3 pct (Updates to market open, adds Intel outlook)

By Ryan Vlastelica

NEW YORK, March 12 (Reuters) - U.S. stocks rose modestly on Thursday, partially rebounding after a recent bout of weakness, though a surprise drop in retail sales and a weak outlook from Intel limited the day's gains.

Wall Street has been on a downtrend of late, with the S&P 500 down in eight of the past 11 sessions, shedding 3 percent over the past four sessions alone.

The weakness has largely been driven by concerns the Fed could raise rates as early as June. Last week's strong payroll report solidified this view, as the central bank said it would begin raising rates when it deemed the economy strong enough to handle it.

In the latest data, jobless claims fell far more than expected in the latest week, supporting a theory that the labor market is rapidly strengthening. Retail sales unexpectedly dropped for a third month in February.   Continuación...