US STOCKS-Wall St rises as cold wave heats up oil prices

viernes 22 de enero de 2016 10:54 GYT

* GE down after qtrly revenue misses

* Crude up as cold wave boosts short-term demand

* Schlumberger up after results, $10 bln buyback

* Indexes up: Dow 1.16 pct, S&P 1.47 pct, Nasdaq 1.66 pct (Updates to open)

By Abhiram Nandakumar

Jan 22 (Reuters) - U.S. stocks indexes were up about 1.5 percent in early trading on Friday as a cold wave in the United States and Europe helped oil prices surge for a second day.

All 10 major S&P sectors were in the positive territory, led by a 3.85 percent jump in energy stocks.

European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy in its meeting in March also encouraged investors bruised by a brutal selloff that began at the start of 2016.

Crude prices, still under pressure from a global glut, were up more than 6 percent as the cold wave boosted short-term demand and traders cashed in their short positions.   Continuación...