US STOCKS-Wall St reverses course as oil pares losses

lunes 18 de abril de 2016 11:28 GYT

* Crude pares losses, now down about 2 pct

* Hasbro jumps after better-than-expected results

* Indexes up: Dow 0.28 pct, S&P 0.32 pct, Nasdaq 0.26 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

April 18 (Reuters) - Wall Street reversed course on Monday, lifted by Hasbro, Walt Disney and a recovery in oil prices.

Crude was down about 2 percent, recovering from a near 7 percent fall spurred by the collapsed talks in Doha among major producers to tackle a stubborn global surplus.

"I think it was widely anticipated that a deal was unlikely over the weekend and the market has digested that news this morning," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

Sandven said earnings, oil and the U.S. Federal Reserve remain near-term swing factors for stocks.

At 10:48 a.m. ET, the Dow Jones industrial average was up 50.2 points, or 0.28 percent, at 17,947.66, the S&P 500 was up 6.57 points, or 0.32 percent, at 2,087.3 and the Nasdaq Composite was up 12.71 points, or 0.26 percent, at 4,950.93.   Continuación...