US STOCKS-Wall St finds comfort in China trade data

miércoles 13 de enero de 2016 10:52 GYT
 

* China trade data better than expected

* Crude oil snaps 7-day losing streak

* Microsoft rises on Morgan Stanley upgrade

* GM gains, Ford drops on contrasting forecasts

* Indexes up: Dow 0.39 pct, S&P 0.51 pct, Nasdaq 0.52 pct (Updates to open)

By Abhiram Nandakumar

Jan 13 (Reuters) - Wall Street was higher on Wednesday, in tandem with a recovery in crude oil prices as positive Chinese trade data allayed fears about the health of the world's second-biggest economy.

China exports fell just 1.4 percent in December, much less than the expected 8 percent drop. A 4-percent fall in imports was also much smaller than many had feared.

Crude prices were up for the first time in eight days, also helped by a surprise decline in U.S. inventories. Oil briefly fell below the widely watched $30-per-barrel level on Tuesday.   Continuación...