US STOCKS-Wall St jumps in 'schizophrenic' rebound fueled by oil

martes 26 de enero de 2016 16:15 GYT
 

* Crude oil prices rise 6 pct

* Coach jumps after quarterly results

* 3M, P&G, J&J up on better-than-expected profit

* Apple reports after the close

* Indexes up: Dow 1.55 pct, S&P 1.14 pct, Nasdaq 0.89 pct (Updates to afternoon)

By Noel Randewich

Jan 26 (Reuters) - Wall Street rebounded sharply on Tuesday, driven by a surge in oil prices and strong results from multinationals 3M, Johnson & Johnson and Procter & Gamble.

The Dow rose 1.55 percent, while the S&P 500 was up 1.14 percent. All 10 major S&P sectors were higher, led by a 2.9-percent rise in the energy sector. Crude prices settled up 3.7 percent on hopes that OPEC and non-OPEC producers would tackle an unrelenting supply glut.

Investors have been reeling from a turbulent start to the year that has left the S&P down 7 percent from the end of 2015.   Continuación...