US STOCKS-Wall St edged higher, S&P set to close week lower

viernes 13 de junio de 2014 10:32 GYT
 

* Dow, S&P set for lower week after three weeks of gains

* Intel up on outlook, OpenTable soars on Priceline deal

* Oil remains in focus as Iraq violence continues

* Dow, S&P 500 and Nasdaq all up 0.2 pct (Updates to open, adds sentiment data)

By Ryan Vlastelica

NEW YORK, June 13 (Reuters) - U.S. stocks edged higher on Friday, boosted by bullish corporate news from the tech sector, though major indexes remained on track to snap a multi-week string of weekly gains.

While the market's recent trend upward was considered intact, broader gains were hard to come by with major indexes within striking distance of record levels amid ongoing violence in Iraq, which has taken oil prices to their highest since September.

Intel Corp was both the S&P 500's biggest gainer and the Nasdaq's most active name, jumping 6.2 percent to $29.70 a day after the Dow component raised its full-year revenue outlook, citing stronger-than-expected demand for personal computers used by businesses.

"The market isn't cheap, but it isn't crazy expensive and the sectors that are looking better are cyclical in nature," said Michael Mullaney, chief investment officer at Fiduciary Trust Co in Boston. "Tech has been doing well from a price return standpoint, and that should continue."   Continuación...