RPT-US STOCKS-On Wall Street, oil delivers modest Santa Claus rally
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* U.S. consumer spending up in November
* Nike reverses course after hitting record high
* Celgene up after settling patent litigation
* Indexes up: Dow 0.78 pct, S&P 0.98 pct, Nasdaq 0.66 pct
By Noel Randewich
Dec 23 (Reuters) - Wall Street rallied for the third straight session on Wednesday, led by sharp gains in energy stocks as a rebound in oil prices boosted sentiment heading into the Christmas holiday.
Crude prices climbed after U.S. inventories fell but still hovered near multi-year lows as oversupply concerns continued to weigh.
The S&P energy sector surged 3.44 percent and led the 10 major sectors on the index by a solid margin. Exxon shares rose 2.59 percent, while Chevron gained 3.02 percent, providing the biggest boost to the Dow. Continuación...