US STOCKS-Wall St gains; S&P set to snap three-week losing streak

viernes 20 de mayo de 2016 14:48 GYT
 

(Updates with late afternoon trading)

* Applied Materials soars after forecast, lifting tech

* Deere, Campbell Soup fall after results, outlook

* Investors absorb potential June rate hike after volatile week

* Indexes up: Dow 0.4 pct, S&P 0.61 pct, Nasdaq 1.19 pct

By Lewis Krauskopf

May 20 (Reuters) - Wall Street rallied on Friday, led by tech stocks on the back of Applied Materials' profit forecast, ending a volatile week on a positive note.

The S&P 500 looked set to eke out gains for the week after three straight weeks of losses, with the Nasdaq on pace to snap a four-week losing streak.

The tech sector led the way on Friday, lifted by a higher-than-expected profit forecast from chip company Applied Materials, which rose 13.6 percent.   Continuación...