US STOCKS-Nasdaq snaps four-day losing streak as health stocks rebound

viernes 1 de mayo de 2015 12:25 GYT
 

* Gilead leads as biotechs ends 5-day losing streak

* Tech stock snap two-day losing streak

* Yum hits record after Loeb reveals stake

* Consumer sentiment, auto sales rise

* Indexes up: Dow 0.5 pct, S&P 0.5 pct, Nasdaq 0.5 pct (Changes comment, updates prices)

By Tanya Agrawal

May 1 (Reuters) - Wall Street was higher at midday on Friday, with the Nasdaq recording gains for the first time this week, as healthcare and technology stocks rebounded, and as data pointed to a pick-up in economic activity.

A majority of the 10 major S&P indexes were higher, with both the health and tech indexes moving up after two days of losses. The Nasdaq biotech index was up 2.6 percent, ending a 5-day losing streak.

Gilead led the gains on the Nasdaq and the S&P 500 with a 4.4 percent increase to $104.90. The company's quarterly profit nearly doubled, driven by strong sales of its hepatitis C drugs. Apple rose 0.8 percent to $126.13.   Continuación...