CORRECTED-US STOCKS-Wall St hits fresh record highs, department stores surge

jueves 11 de agosto de 2016 16:32 GYT
 

(Adds dropped word to clarify number of Americans applying for unemployment benefits, paragraph 10)

* Macy's, Kohl's top pct gainers on S&P 500 index

* Oil jumps 5.0 pct after Saudi minister comment, IEA forecast

* Indexes up: Dow 0.74 pct, S&P 0.55 pct, Nasdaq 0.54 pct

By Noel Randewich

Aug 11 (Reuters) - Wall Street stocks hit fresh record highs on Thursday as rising oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment.

Crude oil jumped 5.0 percent on comments from the Saudi oil minister about potential action to stabilize prices and the International Energy Agency's forecast that crude markets would rebalance in the next few months.

The S&P energy index jumped 1.58 percent, making it the top gainer among the 10 major sectors, led by a 1.45 percent gain in Chevron.

Macy's shares soared 18 percent, marking the best day for the department store operator in nearly eight years after it reported a smaller-than-expected drop in quarterly comparable-store sales and said it would close 100 stores.   Continuación...