US STOCKS-Energy, materials stocks drive Wall St rally

lunes 22 de febrero de 2016 12:42 GYT
 

* U.S. crude rises more than 6 percent

* Materials top gainer among S&P sectors

* Health insurers up; govt proposes hiking Medicare payments

* Indexes up: Dow 1.18 pct, S&P 1.22 pct, Nasdaq 1.15 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

Feb 22 (Reuters) - Wall Street was higher on Monday as prices of oil and other commodities surged, pointing to an uptick in investors' risk appetite following a rout in global markets.

The recovery in commodity prices comes on the heels of recent data pointing to a strengthening of the U.S. economy, which has helped stabilize the market.

The S&P 500 has risen 4.1 percent in the past five days, including Monday's gains, spurred by better-than-expected jobs and inflation data.

However, the index is still down 5.08 percent for the year, moving lock-step with oil prices, which are hovering near 12-year lows.   Continuación...