US STOCKS-Wall St up after retail sales data, Cisco results

jueves 13 de agosto de 2015 15:19 GYT

* Strong data puts September rate hike back in focus

* Cisco up after strong results; boosts S&P, Nasdaq

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

By Caroline Valetkevitch

Aug 13 (Reuters) - U.S. stocks edged higher in afternoon trading on Thursday as retail sales rebounded in July and Cisco shares jumped after its profit beat expectations.

Cisco rallied 3.9 percent to $28.99, set for its best day since February, and gave the biggest boost to the Nasdaq and the S&P 500.

U.S. retail sales rose in July, while the trend of weekly jobless claims pointed to a tightening job market.

The S&P consumer discretionary index rose 1.2 percent, the most among the major 10 S&P sectors, though the data supported the view the Federal Reserve could raise interest rates as early as September.

Limiting gains was a decline in energy shares as U.S. crude oil prices slid to a six-and-a-half year low. The S&P energy index was down 1.3 percent.   Continuación...