US STOCKS-Wall St climbs for second day, Fed minutes on tap

miércoles 9 de abril de 2014 12:14 GYT
 

* Internet, biotech stocks lead gains

* Fed minutes scheduled for release at 2:00 p.m. EDT

* Senator opposes Comcast deal to buy Time Warner Cable

* Indexes up: Dow 0.3 pct, S&P 0.3 pct, Nasdaq 0.7 pct (Updates to midday)

By Angela Moon

NEW YORK, April 9 (Reuters) - U.S. stocks rose for a second session on Wednesday, buoyed by a rise in Alcoa shares ahead of the release of minutes from the latest Federal Open Market Committee meeting.

Alcoa Inc gained 3.6 percent to $12.98 as the best performer on the S&P 500 after it reported a decline in first quarter adjusted profit but earnings still came in ahead of analysts' expectations.

S&P 500 companies' first-quarter earnings are projected to have increased just 1 percent from a year ago, Thomson Reuters data showed. The forecast is down sharply from the start of the year, when profit growth was estimated at 6.5 percent.

U.S. stocks had advanced in the prior session to snap a three-day losing streak as investors bought beaten-down social media and Internet shares.   Continuación...