US STOCKS-Wall St up as oil prices boost energy, materials stocks

miércoles 17 de febrero de 2016 11:03 GYT
 

* Oil prices hold on to gains

* Kinder Morgan up after Berkshire reports stake

* Fossil, Priceline up after results beat estimates

* Indexes up: Dow 0.85 pct, S&P 0.92 pct, Nasdaq 0.96 pct (Updates to open)

By Abhiram Nandakumar

Feb 17 (Reuters) - Wall Street was higher on Wednesday, on track for a third straight day of gains, led by gains in energy and materials as oil prices held on to their gains.

Nine of the 10 major S&P sectors were higher, led by the 1.6 percent rise in the materials sector.

The benchmark S&P 500 index staged its best two-day gain since late August over the past two days as investors snatched up beaten-down shares.

Still, the S&P 500 has fallen 7.3 percent this year due to slumping oil prices, fears of a China-led slowdown in global growth and uncertainty about central bank policies.   Continuación...