US STOCKS-Wall St move higher as oil rally continues

miércoles 8 de junio de 2016 09:53 GYT

* Oil prices stay above $50/bbl

* AbbVie falls on Morgan Stanley downgrade

* Gold price rise boosts miners

* Indexes up: Dow 0.41 pct, S&P 0.32 pct, Nasdaq 0.27 pct (Updates to open)

By Yashaswini Swamynathan

June 8 (Reuters) - U.S. stocks rose on Wednesday, with the S&P inching closer to its record high, as oil prices increased again and chances of an interest rate hike in the near term faded.

Oil held above $50 for the second consecutive day on supply disruptions in Nigeria, a drop in U.S. crude inventories and strong demand in China.

The energy index's 0.8 percent increase led the nine advancers among the 10 major S&P sectors. Only the telecom index was down, off 0.08 percent.

Gains in energy stocks on Tuesday pushed the Dow above the 18,000 mark for the first time since April, while the S&P rose to within 23 points of its record high it touched in May 2015.   Continuación...