US STOCKS-Wall St rallies, led by financials, energy stocks and Amazon
* Amazon hits record high, boosting S&P and Nasdaq
* Oil up 3 pct, boosting energy shares
* Gap drops after sales fall for fifth straight quarter
* Indexes up: Dow 0.98 pct, S&P 0.89 pct, Nasdaq 0.69 pct (Adds details, changes comment, updates prices.)
By Tanya Agrawal
May 10 (Reuters) - U.S. stock rose strongly in late morning trading on Tuesday, helped by a rally in financial shares and with commodity prices boosting energy and industrial stocks.
Amazon jumped as much as 3.2 percent to a record high of $701.40, providing the biggest boost on the S&P and the Nasdaq, after Bernstein set a $1,000 price target on the stock.
All 10 major S&P sectors were higher, led by a 1.35 percent rise in the energy index. Oil was up over 3 percent as supply disruptions in Canada and elsewhere overshadowed fears of oversupply.
World stock markets had also risen, helped by solid corporate earnings in Europe, progress on Greek debt talks, and a new pledge by Japan that it was prepared to weaken the yen. Continuación...