US STOCKS-Tech, financial stocks prop up Wall St

viernes 20 de mayo de 2016 11:33 GYT

* S&P, Dow on track to snap four-week losing streak

* InterOil jumps on $2.2 bln takeover offer

* Applied Materials soars; boosts semiconductor stocks

* Indexes higher: Dow 0.64 pct, S&P 0.74 pct, Nasdaq 1.25 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

May 20 (Reuters) - Wall Street was higher on Friday as technology stocks were lifted by an upbeat forecast from chip industry bellwether Applied Materials, while financial stocks added to gains.

The tech-heavy Nasdaq Composite index was up 1.13 percent, also boosted by Microsoft and Apple.

Applied Materials shares rose 12.8 percent after the company forecast a higher-than-expected third-quarter profit on the back of strong demand for chips used in smartphones and solid-state drives. The stock was also the most traded on the Nasdaq.

The S&P financial sector index also rose 0.98 percent as a flurry of comments from the U.S. Federal Reserve officials, suggested a possibility of an interest rate hike as early as June.   Continuación...