US STOCKS-Wall St ticks up, energy stocks rally again

miércoles 3 de diciembre de 2014 12:10 GYT
 

* ADP private payrolls just short of expectations

* U.S. services sector readings show growth

* Indexes up: Dow 0.1 pct, S&P 500 0.2 pct, Nasdaq 0.1 pct (Updates to morning trading, adds data)

By Rodrigo Campos

NEW YORK, Dec 3 (Reuters) - U.S. stocks rose slightly on Wednesday, led by commodity-related shares, as data continued to show a strengthening U.S. economy and ahead of a meeting of the European Central Bank.

Markets reacted mutedly to data showing the U.S. private sector created 208,000 jobs last month, fewer than expected. The numbers, however, suggested a slowing global economy is having a limited impact on domestic activity.

Stocks in the energy sector led gains for a second consecutive day as crude prices slightly bounced from five year lows. The S&P 500 energy sector added 1.6 percent.

The largest percentage gainer on the S&P 500 was land drilling contractor and oil services company Nabors Industries , which rose 6.1 percent to $13.66.

"Maybe the pessimism has been overshot to the downside," said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco, regarding the recent slide in oil futures and energy stocks.   Continuación...