US STOCKS-Wall St rises as tech, discretionary stocks gain

martes 27 de septiembre de 2016 13:00 GYT

* Consumer confidence index hits 9-year high in September

* Oil prices plunge 3.5 pct, dollar index rises

* Indexes up: Dow 0.74 pct, S&P 0.61 pct, Nasdaq 0.75 pct (Updates to early afternoon)

By Yashaswini Swamynathan

Sept 27 (Reuters) - Wall Street rose for the first time in three days on Tuesday, helped by technology and discretionary stocks.

The S&P 500 technology sector rose 0.8 percent and gave the biggest boost to the benchmark index, powered by Microsoft and Google parent Alphabet.

The consumer discretionary index rose 0.88 percent after a report showed that the consumer confidence index for September rose to its highest level in nine years.

"The number came in much better than expected, so consumer stocks seem to be catching a bit after having a hard time for probably a month or two," said Mark Spellman, portfolio manager at Alpine Funds in New York.

The discretionary index had lost 2.5 percent in the past two months.   Continuación...