US STOCKS-Surge in oil, Apple boosts U.S. stocks

lunes 16 de mayo de 2016 11:26 GYT
 

* Oil prices highest since November 2015

* Apple rises after Buffett reports stake in company

* Anacor Pharma jumps after receiving $5.2 bln buyout offer

* Indexes up: Dow 0.64 pct, S&P 0.63 pct, Nasdaq 0.82 pct (Adds details, changes comment, updates prices)

By Tanya Agrawal

May 16 (Reuters) - Wall Street was higher on Monday after a bruising week, bolstered by a bounce in Apple shares, while surging oil prices fired up energy stocks.

The iPhone maker's shares were up 2.9 percent at $93.15 after Warren Buffett's Berkshire Hathaway reported a stake worth about $1 billion in the company. The stock gave the biggest boost to the three indexes.

Oil jumped more than 2 percent to its highest in six months due to disruptions in Nigerian output and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

U.S. stocks fell on Friday as gloomy quarterly reports from retailers overshadowed upbeat April retail sales data, leaving the Dow and the S&P 500 lower for the third straight week.   Continuación...