US STOCKS-Wall St near record highs as oil, tech stocks lift

martes 9 de agosto de 2016 09:58 GYT
 

* Oil prices rise 0.3 pct to $45.52

* Microchip Tech jumps on revenue beat

* Valeant rises on news of business reorganization

* Indexes up: Dow 0.16 pct, S&P 0.1 pct, Nasdaq 0.19 pct (Updates to open)

By Yashaswini Swamynathan

Aug 9 (Reuters) - U.S. stocks traded near record highs on Tuesday morning as a rise in technology stocks added to the lift from steadying oil prices.

Oil edged further above $45 on estimates of a drop in U.S. inventories and speculation of producer action to freeze output.

"Today, it seems like whatever oil does, equities will follow," said Peter Cardillo, chief market economist at First Standard Financial in New York.

The S&P 500 index's technology index rose 0.17 percent, helped by gains in Cisco, which rose 0.7 percent after Citigroup raised its price target. The stock gave the biggest boost to the S&P and the Nasdaq.   Continuación...