US STOCKS-S&P set for best week in a year; consumer stocks rise

viernes 20 de noviembre de 2015 14:00 GYT
 

* Allergan up; unlikely to be hit by tax inversion rule

* Nike jumps on buyback; boosts Dow

* Alphabet gives biggest boost to S&P, Nasdaq

* Abercrombie & Fitch surges after results

* Indexes up: Dow 0.62 pct, S&P 0.49 pct, Nasdaq 0.60 pct (Updates to early afternoon)

By Abhiram Nandakumar

Nov 20 (Reuters) - U.S. stocks added to their gains in early afternoon trading on Friday, with the S&P 500 on track for its best week since last October, as healthcare and consumer stocks rose.

The Dow Jones industrial average turned positive for the year, led by a 4.8 percent rise in Nike which announced a $12 billion share buyback and a 2-for-1 share split.

The stock also sent the consumer discretionary sector up nearly 1 percent, making it the top gainer among the 10 major S&P sectors.   Continuación...