US STOCKS-Energy shares lead Wall St higher in broad advance

martes 2 de diciembre de 2014 16:02 GYT

* More cars and trucks sold in November than analysts expected

* Otsuka to buy Avanir; Cypress Semi to buy Spansion

* Biogen rallies on expansion of Alzheimer's drug testing

* Indexes up: Dow 0.4 pct, S&P 0.5 pct, Nasdaq 0.4 pct (Updates prices, changes byline)

By Rodrigo Campos

NEW YORK, Dec 2 (Reuters) - U.S. stocks rose on Tuesday, led by gains in the energy sector, and as Biogen rallied on news about an experimental treatment for Alzheimer's disease.

The day's gains were broad, with nine of the 10 S&P 500 industry sectors higher. The only group to fall was telecoms , down 1.6 percent with AT&T down 2.1 percent and Verizon down 1.5 percent. Sprint announced it will cut in half the monthly price of service for Verizon and AT&T customers who switch to Sprint.

Energy shares on the S&P 500 rose 1.6 percent even as crude oil prices resumed their fall. U.S. crude fell 2.6 percent to near a five-year low while Brent lost 2.2 percent.

Exxon Mobil and Chevron were among the largest gainers on both the Dow and the S&P.   Continuación...