US STOCKS-Rebound in oil prices spurs gains in S&P 500, Dow

miércoles 27 de enero de 2016 13:57 GYT

* Crude prices surge after data shows increase in demand

* Apple, Boeing drop after forecasts miss estimates

* Fed statement expected at 2 p.m. ET

* Dow up 0.21 pct, S&P up 0.42 pct, Nasdaq down 0.31 pct (Updates to early afternoon)

By Abhiram Nandakumar

Jan 27 (Reuters) - The S&P 500 and the Dow reversed course and edged higher on Wednesday after a sharp surge in oil prices helped counter losses from Apple and Boeing's weak forecasts.

Crude reclaimed earlier losses, with Brent soaring nearly 5 percent, after Russia said co-operation with major oil producers was discussed and U.S. data showed an increase in short-term demand.

Apple's shares were down 4.4 percent at $95.59, after the iPhone maker also reported its slowest-ever rise in shipments on Tuesday, while Boeing was down 6.6 percent at $119.50, on track for its biggest fall since August 2011.

The declines in both stocks capped gains on the indexes and kept the tech-heavy Nasdaq in the red.   Continuación...