US STOCKS-Wall St rises on oil recovery, gains in Hasbro, Disney

lunes 18 de abril de 2016 12:56 GYT

* Crude recoups losses, Brent in positive territory

* Dow breaches 18,000 for first time since July

* Hasbro jumps after better-than-expected results

* Indexes up: Dow 0.57 pct, S&P 0.56 pct, Nasdaq 0.31 pct (Updates to early afternoon)

By Abhiram Nandakumar

April 18 (Reuters) - Wall Street held onto gains on Monday as a recovery in oil boosted energy shares and Hasbro and Disney lifted the consumer discretionary sector.

Crude prices steadied, with Brent inching into positive territory, after 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.   Continuación...