CORRECTED-US STOCKS-S&P looks set to snap three-week losing streak
(Corrects headline to say S&P looks set to snap three-week, not four-week, losing streak and to drop reference to Dow. Also corrects to "four" weeks from "five" in paragraphs 1 and 2; removes bullet point on Nasdaq)
* InterOil jumps on $2.2 bln takeover offer
* Applied Materials soars; boosts semiconductor stocks
* Indexes up: Dow 0.6 pct, S&P 0.76 pct, Nasdaq 1.37 pct
By Yashaswini Swamynathan
May 20 (Reuters) - U.S. stocks were higher in early afternoon trading on Friday, with the S&P on track to eke out its first weekly gain in four weeks as technology and financial stocks rose.
The tech-heavy Nasdaq Composite index was up 1.13 percent and was on track to end four straight weeks of losses, boosted by gains in Microsoft and Apple.
The S&P financial sector index rose 0.91 percent as a flurry of comments from U.S. Federal Reserve officials, suggested a possibility of an interest rate hike as early as June.
The index has risen about 2 percent since the Fed released minutes of its April meeting on Wednesday. Continuación...