US STOCKS-Wall St higher on BOJ rate cut, rally in tech shares

viernes 29 de enero de 2016 14:00 GYT
 

* Q4 US GDP data misses estimate

* Microsoft up after strong results; boosts S&P, Nasdaq

* Xerox up after deal with Icahn to split into two

* Indexes up: Dow 1.68 pct, S&P 1.63 pct, Nasdaq 1.52 pct (Updates to early afternoon)

By Abhiram Nandakumar

Jan 29 (Reuters) - Wall Street was higher on Friday after the Bank of Japan cut a key interest rate below zero and Microsoft led a rally in technology stocks.

All three major indexes rose more than 1.5 percent, and all 10 major S&P sectors were higher, led by the 2.28 percent rise in tech shares.

The market was also supported by increased expectations that the Federal Reserve would go slow on future rate hikes, after Friday's weak fourth-quarter U.S. GDP data.

Intervention by central banks has become key to supporting turbulent markets, roiled by slowing global economic growth.   Continuación...