US STOCKS-Wall St up in choppy trade as tech bounces back

jueves 26 de marzo de 2015 14:11 GYT
 

* Oil jumps after air strikes on Yemen

* SanDisk tumbles after outlook cut, hits chipmakers

* Weekly jobless claims less than expected

* Indexes up: Dow 0.14 pct, S&P 0.23 pct, Nasdaq 0.17 pct (Updates prices, changes comment, byline)

By Chuck Mikolajczak

NEW YORK, March 26 (Reuters) - U.S. stocks were little changed on Thursday, well off session lows as tech shares recovered, with the S&P 500 struggling to avoid a fourth straight daily decline.

Semiconductor stocks were under pressure for a fourth straight session as SanDisk tumbled 18.1 percent to $66.47 after cutting its revenue outlook.

The headwinds for SanDisk are company-specific according to King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco.

"We would avoid but SanDisk but take the opportunity to buy other names that are down in sympathy," he said about other semiconductor stocks. An index of chipmaker shares fell 0.8 percent, sharply paring losses of as much as 3.5 percent earlier.   Continuación...