US STOCKS-Tech, materials stocks push Wall St higher

lunes 11 de abril de 2016 11:37 GYT

* Yahoo up as Daily Mail parent mulls bid

* National Oilwell Varco drops after cutting dividend

* Indexes up: Dow 0.39 pct, S&P 0.36 pct, Nasdaq 0.54 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

April 11 (Reuters) - A rise in technology and materials stocks drove gains on Wall Street on Monday as a weaker dollar boosted commodity prices, just before the earnings season kicks off.

Expectations for profit growth in the latest quarter are low as companies struggled with a weak global economy. Earnings at S&P 500 companies are expected to have declined 7.7 percent on average in the first quarter, according to Thomson Reuters I/B/E/S.

Alcoa, seen as the unofficial start to quarterly earnings season, will post results after the market closes. The company's shares were up 3.3 percent at $9.62.

Big bank earnings are also on the cards through the week, starting with JPMorgan Chase & Co on Wednesday.

Oil, which has been a big influence on the stock market this year, was higher ahead of next Sunday's meeting by producers aimed at freezing output.   Continuación...