US STOCKS-Energy, biotech lift Wall St to 2nd straight day of gains

martes 12 de enero de 2016 17:41 GYT
 

* Energy shares end higher though crude oil ends down

* Apple, Intel rise after bullish brokerage notes

* Dow up 0.7 pct, S&P up 0.8 pct, Nasdaq up 1.0 pct (Updates to close)

By Caroline Valetkevitch

Jan 12 (Reuters) - A late rebound in energy and biotech shares helped push the S&P 500 to a second straight day of gains on Tuesday, while Apple and other technology shares also boosted the market.

The Nasdaq snapped an eight-session losing streak, with the Nasdaq Biotech Index rebounding late, also breaking an eight-day run of losses. The biotech index, among the hardest-hit in this year's selloff, ended up 1.5 percent.

Crude oil prices ended lower after another roller-coaster session, but the S&P 500 energy index reversed course to end up 0.4 percent, while shares of Exxon Mobil jumped 2 percent to $75.20 and Chevron rose 1.7 percent to $82.15.

Technical indicators also suggested a rebound was in order, even if it is just short-lived, analysts said.

"This looks to me like a technical bounce. The market's very oversold," said Bruce Zaro, chief technical strategist at Bolton Global Asset Management in Boston.   Continuación...