US STOCKS-Dow reclaims 18,000 as quarterly reports begin to flow

lunes 18 de abril de 2016 14:45 GYT
 

* Crude recoups losses after producer talks collapse

* Dow above 18,000 for first time since July

* Hasbro jumps after better-than-expected results

* Indexes up: Dow 0.49 pct, S&P 0.52 pct, Nasdaq 0.34 pct (Updates to afternoon, adds detail throughout)

By Noel Randewich

April 18 (Reuters) - Wall Street rose on Monday, with the Dow touching highs not seen since July, as Hasbro and Disney lifted the consumer discretionary sector while investors braced for a flurry of quarterly earnings reports through the week.

Chevron climbed 1.25 percent as crude prices steadied from earlier losses caused by the collapse of talks among major producers to tackle a stubborn global surplus.

A recent rebound in oil and signs that the U.S. economy was recovering have helped stocks rally from a steep selloff earlier this year that had pushed the S&P 500 down as much as 10.5 percent.

The index is now up 2.3 percent in 2016 and only about 2 percent short of its all-time high, while the Dow breached 18,000 for the first time since July 21.   Continuación...