US STOCKS-Wall St rallies on China stimulus ahead of tech earnings

lunes 20 de abril de 2015 16:26 GYT

* Hasbro reports surprise revenue rise, shares jump

* Royal Caribbean falls as strong dollar hurts onboard spending

* Tech shares up ahead of earnings reports this week

* Indexes ends up: Dow 1.17 pct, S&P 0.92 pct, Nasdaq 1.27 pct (Updates to close, adds comment)

By Noel Randewich

April 20 (Reuters) - Wall Street ended sharply higher on Monday after China moved to stimulate its slowing economy while cautious optimism about U.S. earnings lured investors into technology stocks ahead of upcoming earnings reports.

In the second industry-wide cut in two months, China's central bank on Sunday reduced the amount of cash that banks must hold as reserves in a move to help spur lending and combat slowing growth.

A 2.28 percent rise in Apple led the U.S. market higher, along with a 3.42 percent jump in IBM.

After the bell, IBM posted March-quarter results that exceeded expectations, sending its shares up an additional 2.4 percent in extended trade.   Continuación...