US STOCKS-Indexes up on strong earnings, rising oil prices

martes 26 de enero de 2016 10:58 GYT
 

* Crude oil prices hover around $30 per barrel

* Coach jumps after better-than-expected results

* 3M, P&G up on better-than-expected profit

* Indexes up: Dow 0.92 pct, S&P 0.71 pct, Nasdaq 0.39 pct (Updates to open)

By Abhiram Nandakumar

Jan 26 (Reuters) - Wall Street edged higher on Tuesday morning, driven by strong earnings reports and recovering oil prices, ahead of the Federal Reserve's policy meeting and Apple's results.

Crude prices steadied above $30 a barrel on hopes that OPEC and non-OPEC producers would come together to tackle a massive supply glut.

Investors are still reeling from a turbulent start to the year, which saw Wall Street post its worst-ever start to a new year. A recovery late last week was largely wiped out on Monday as a fall in energy and materials stocks pulled indexes lower.

"It's going to go back and forth, and it looks like it's going to depend on what the price of oil does today," said Matthew Tuttle, chief executive, Tuttle Tactical Management in Greenwich, Connecticut.   Continuación...