US STOCKS-Wall St edges up as factory data shines amid oil gloom

jueves 25 de febrero de 2016 14:10 GYT
 

* Durable goods orders rebound strongly in Jan

* Salesforce up after raising revenue forecast

* Dow up 0.32 pct, S&P up 0.18 pct, Nasdaq down 0.19 pct (Updates to early afternoon)

By Abhiram Nandakumar

Feb 25 (Reuters) - Wall Street edged higher in choppy trading on Thursday, breaking step with sliding oil prices, as strong U.S. manufacturing data pointed to a recovery in the struggling sector.

Orders for U.S. durable goods rose more than expected in January, as demand picked up across the board.

Movements in crude prices have been the biggest influence on stock markets this year as investors see weak energy demand as a sign of sluggish global growth. The S&P 500 has lost 5.5 percent in 2016 as oil hovers near multi-year lows.

Some investors, however, said the two could soon delink as focus shifts to data and the U.S. Federal Reserve's next move on interest rates.

Fed Chair Janet Yellen has hinted at sticking with the plan to raise rates gradually this year, while other policymakers have warned against a hike amid the turmoil in global markets.   Continuación...