CORRECTED-US STOCKS-Strong earnings, surge in oil power Dow to record high

jueves 11 de agosto de 2016 16:31 GYT
 

(Adds dropped word to clarify number of Americans applying for unemployment benefits, paragraph 12)

* Macy's, Kohl's top pct gainers on S&P 500

* Oil jumps 5 pct after Saudi minister comment, IEA forecast

* Indexes up: Dow 0.71 pct, S&P 0.51 pct, Nasdaq 0.49 pct

By Yashaswini Swamynathan

Aug 11 (Reuters) - The Dow touched a record intraday high on Thursday afternoon as strong results from department store chains and a surge in oil prices buoyed investor sentiment about economic growth.

Oil prices jumped 5 percent on comments from the Saudi oil minister about possible action to stabilize prices and the International Energy Agency's forecast that crude markets would rebalance in the next few months.

The S&P energy index jumped 1.68 percent, making it the top gainer among the 10 major sectors of the benchmark, led by gains in Exxon and Chevron.

Strong earnings from Macy's and Kohl's kicked off the two-day department store chains' earnings on an optimistic note.   Continuación...