US STOCKS-Wall St ends volatile week on high note as tech leads

viernes 20 de mayo de 2016 16:21 GYT

(Updates with close of U.S. markets)

* Applied Materials soars after forecast, lifting tech

* Deere, Campbell Soup fall after results, outlook

* Investors absorb potential June rate hike

* Indexes up: Dow 0.38 pct, S&P 0.6 pct, Nasdaq 1.21 pct

By Lewis Krauskopf

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

The S&P 500 eked out gains for the week after three straight weeks of losses, while the Nasdaq snapped a four-week losing streak. Despite gains on Friday, the Dow ended its fourth consecutive week in the red.

The tech sector led the way on Friday, lifted by a higher-than-expected profit forecast from chip company Applied Materials, which jumped 13.8 percent. Apple rose 1.1 percent and the shares snapped a four-week losing streak.   Continuación...