US STOCKS-Wall St up as energy, materials gain from oil price rally

miércoles 17 de febrero de 2016 12:12 GYT

* Oil prices up 5 pct, hit session highs

* Kinder Morgan up after Berkshire reports stake

* Fossil, Priceline up after results beat estimates

* Indexes up: Dow 1.34 pct, S&P 1.39 pct, Nasdaq 1.67 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

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

Nine of the 10 major S&P sectors were higher, led by the 2.41 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...