US STOCKS-Traders buy the Wall St dip, nixed deals cap gains

miércoles 6 de agosto de 2014 13:14 GYT

* S&P utilities sector near correction

* Russia has 20,000 troops on Ukraine border -NATO

* Sprint, T-Mobile shares fall as Sprint drops bid

* Cognizant, Groupon shares down after results

* Indexes up: Dow 0.17 pct, S&P 0.18 pct, Nasdaq 0.36 pct (Updates to morning trading, recasts, adds comment)

By Rodrigo Campos

NEW YORK, Aug 6 (Reuters) - U.S. stocks rose on Wednesday after buyers stepped in as the S&P 500 hit a more than two-month low, but concern about an escalation of the Russia-Ukraine conflict and two nixed deals weighed on sentiment.

The S&P 500 bounced back after hitting a technical level that has provided support various times this year.

Market reaction was initially muted after data showed the U.S. trade deficit narrowed more than expected in June to the lowest reading since January. JPMorgan and Goldman Sachs were among Wall Street banks that raised their previous and current quarter economic growth estimates on the back of that figure.   Continuación...