US STOCKS-S&P and Dow hit records as growth bets boost Wall Street

martes 12 de julio de 2016 16:31 GYT

* Alcoa jumps after revenue, earnings beat

* Oil price bounce boosts energy stocks

* Airline stocks up on United Continental forecast

* Indexes up: Dow 0.66 pct, S&P 0.7 pct, Nasdaq 0.69 pct (Updates to close, changes byline)

By Rodrigo Campos

NEW YORK, July 12 (Reuters) - A broad rally lifted the S&P 500 and Dow industrials to record highs on Tuesday, with a sharp rebound in crude prices boosting energy shares, while the Nasdaq turned positive for the year.

Cyclical sectors like technology, materials and energy posted the largest gains on the S&P, backed by the view that the U.S. economy, despite a slow start to the year, is on solid footing.

Cyclicals are seen taking the lead in stocks for the rest of the year after utilities, telecoms and consumer staples led the way in the first half.

"We believe earnings in the U.S. and GDP growth bottomed in the first quarter. If that is the case, stocks should continue on at least another 5-percent gain from here this year," said Paul Zemsky, chief investment officer, Multi-Asset Strategies and Solutions at Voya Investment Management in New York.   Continuación...