US STOCKS-Wall St ends 4-day skid on late tech rally

viernes 27 de marzo de 2015 16:28 GYT
 

* Intel in talks to buy Altera - WSJ

* Healthcare buoys indexes as biotechs bounce back

* Yellen says rate hike could be warranted later this year

* Indexes up: Dow 0.19 pct, S&P 0.24 pct, Nasdaq 0.57 pct (Updates to market close)

By Chuck Mikolajczak

NEW YORK, March 27 (Reuters) - U.S. stocks rose modestly on Friday after late news of merger talks in the semiconductor space boosted the technology sector and helped major indexes snap a four-day losing streak.

The Wall Street Journal reported chipmaker Intel Corp is in talks to buy rival Altera Corp, citing people familiar with the matter, sending the PHLX semiconductor index up 2.8 percent.

Intel shares jumped 6.4 percent to $32 as the biggest boost to the Dow, S&P 500 and Nasdaq 100 indexes. Altera shares surged 28.4 percent to $44.39.

"We've seen a lot of M&A news recently and it's helping the market," said Stephen Massocca, chief investment officer at Wedbush Equity Management LLC in San Francisco.   Continuación...