CORRECTED-US STOCKS-Wall St edges up on China stimulus, higher oil prices

lunes 29 de febrero de 2016 16:19 GYT

(Corrects company name to Endo International PLC from Endo Pharmaceuticals and corrects stock symbol in 11th paragraph)

* China's central bank cuts reserve requirement ratio

* U.S. crude rises more than 3 pct

* Valeant drops after delaying release of results

* Indexes up: Dow 0.27 pct, S&P 0.27 pct, Nasdaq 0.45 pct

By Abhiram Nandakumar

Feb 29 (Reuters) - Wall Street edged up on Monday on China's move to boost its slowing economy and higher oil prices, putting the S&P 500 on track to post its first monthly gains this year.

China's central bank on Monday cut its reserve requirement ratio, or the amount of cash that banks must hold as reserves, for the fifth time in a year.

"It's sort of like a sugar shock, a bump in near-term growth at the expense of longer-term credibility. I think investors are caught weighing the two," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.   Continuación...