US STOCKS-S&P buoyed by commodity sectors; eyes on Apple earnings

martes 26 de abril de 2016 16:26 GYT
 

* March durable goods orders miss expectations

* Energy leads S&P up as crude rises

* Dow up 0.07 pct, S&P up 0.19 pct, Nasdaq down 0.15 pct (Updates to close)

By Rodrigo Campos

April 26 (Reuters) - The S&P 500 ticked up on Tuesday, buoyed by gains in the energy and materials sectors as soft economic data weakened the dollar, giving support to oil and gold prices.

The greenback fell after orders for long-lasting U.S. manufactured goods rebounded far less than expected in March as demand for cars, computers and appliances slumped. Consumers appeared a bit pessimistic on the economy's short-term outlook and sent a measure of confidence lower.

The data came as Federal Reserve officials started a two-day policy meeting. Policymakers are expected to hold interest rates steady but may be more upbeat on the economic outlook, leaving the path open for future rate hikes.

"Commodities and oil are up, the dollar trending lower, the things that started this rally are still there but there's a pause on temporary uncertainties," said Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis.

"Technical resistance, weaker data, uncertainty about the Fed, weak earnings numbers are giving people pause."   Continuación...