US STOCKS-Wall St rallies as oil lifts energy, materials stocks

lunes 22 de febrero de 2016 14:01 GYT
 

* U.S. crude rises more than 7 percent

* Energy top gainer among S&P sectors

* Health insurers up; govt proposes hiking Medicare payments

* Indexes up: Dow 1.35 pct, S&P 1.33 pct, Nasdaq 1.45 pct (Updates to early afternoon)

By Abhiram Nandakumar

Feb 22 (Reuters) - Wall Street rose 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 prices of crude and metals comes on the heels of better-than-expected U.S. jobs and inflation data, which has helped stabilize the market.

Gains were broad-based, with all 10 major S&P sectors higher. Including Monday's gains, the S&P 500 is up 4.1 percent in the past 5 days.

However, the index is still down about 5 percent for the year, moving lock-step with oil prices, which are hovering near 12-year lows.   Continuación...