US STOCKS-Dow, S&P 500 rally with energy; Nasdaq dips

miércoles 3 de febrero de 2016 17:53 GYT

* Energy shares jump as crude oil rallies 8 pct

* S&P financial index flat after hitting more than 2-year low

* Dow up 1.1 pct, S&P up 0.5 pct, Nasdaq down 0.3 pct (Updates to close)

Feb 3 (Reuters) - U.S. stocks staged a late-day rally on Wednesday as an 8-percent jump in oil prices lifted beaten-down energy shares and financials rebounded.

The Nasdaq stayed weaker but ended well off the day's lows.

Oil prices snapped a two-day rout as after investors took advantage of a weaker U.S. dollar. Comments by Russia's foreign minister reignited hopes of a deal among oil producers to trim output.

The energy index jumped 4 percent.

"Oil helped turn around the overall market. The market shot up like an arrow and then what you had was a lot of short covers," said Robert Pavlik, chief market strategist at Boston Private Wealth in New York.

The dollar's decline eased worries about the impact of dollar strength on U.S. multinationals' earnings. Shares of 3M Co., up 3.1 percent at $152.52, led gains in the Dow.   Continuación...