US STOCKS-Microsoft, Morgan Stanley lift Dow, S&P to records

miércoles 20 de julio de 2016 11:32 GYT
 

* Morgan Stanley up as profit tops expectations

* Microsoft provides biggest boost to the three indexes

* Disney drags on Dow, S&P after brokerage downgrade

* Indexes up: Dow 0.22 pct, S&P 0.44 pct, Nasdaq 0.97 pct (Adds details, changes quotes, updates prices)

By Tanya Agrawal and Anya George Tharakan

July 20 (Reuters) - U.S. stocks rose on Wednesday, with the Dow and the S&P 500 hitting fresh records, as Microsoft's strong results boosted optimism regarding the health of quarterly earnings.

Also helping stocks was a reversal in oil prices, with Brent crude up nearly 1 percent, after data shows weekly crude inventories fell slightly more than expected.

Microsoft surged 6.4 percent to $56.47, providing the biggest boost to the three major indexes, after its results handily beat expectations.

The technology index rose 1.34 percent, leading the six gainers among the 10 major S&P sectors. The energy index was flat, pulling back from a decline of 1 percent.   Continuación...