US STOCKS-Wall St up on Dow-DuPont merger reports, higher oil

miércoles 9 de diciembre de 2015 12:13 GYT
 

* Dow Chemical, DuPont jump on reported merger talks

* S&P materials on track for biggest one-day gain in 4 years

* Energy stocks higher as oil prices recover

* Indexes up: Dow 1 pct, S&P 0.69 pct, Nasdaq 0.08 pct (Adds details, changes comment, updates shares)

By Tanya Agrawal

Dec 9 (Reuters) - U.S. stocks looked set to snap a two-day losing streak as crude oil prices clawed back some losses and reported merger talks between Dow Chemical and DuPont helped prop up shares of raw materials companies.

Crude oil prices steadied after a brutal five-day selloff, but many investors expect oil to fall below 2008 lows due to a global supply glut. Copper prices also held their ground.

Dow Chemical was up 11.2 percent at $56.59 while DuPont jumped 12.5 percent to $74.94, after reports that the companies are in talks to merge.

DuPont was the biggest boost to the Dow Jones Industrial average and the second biggest boost on the S&P 500. The stock added 58 points to Dow's 188-point rise.   Continuación...