US STOCKS-Wall St on track for best one-day gain in a month

martes 10 de mayo de 2016 13:01 GYT
 

* Amazon hits record high, boosting S&P and Nasdaq

* Oil up about 4 pct, boosting energy shares

* Gap drops after sales fall for fifth straight quarter

* Indexes up: Dow 1.1 pct, S&P 1.01 pct, Nasdaq 1.03 pct (Updates to early afternoon)

By Tanya Agrawal

May 10 (Reuters) - U.S. stocks were up more than 1 percent on Tuesday, putting them on track for their biggest one-day gain in about a month, helped by a rally in financial shares and with commodity prices boosting energy and industrial stocks.

Amazon jumped 3.2 percent to a record of $701.40, providing the biggest boost on the S&P and the Nasdaq. Bernstein raised its price target to $1,000, the highest on Wall Street, on the stock, saying it expects Amazon's margins to expand much faster than currently expected.

All 10 major S&P sectors were higher, led by a 1.53 percent rise in the industrials index. Oil was up about 4 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...