US STOCKS-Wall St up on oil, upbeat earnings; Intel limits gains

miércoles 19 de octubre de 2016 13:03 GYT
 

* US crude at 15-month highs on surprise drop in stockpiles

* Morgan Stanley rounds off strong quarter for big banks

* Intel drags on major indexes after disappointing forecast

* Indexes up: Dow 0.41 pct, S&P 0.29 pct, Nasdaq 0.04 pct (Updates to early afternoon)

By Yashaswini Swamynathan

Oct 19 (Reuters) - Wall Street was on track for its second straight day of gains on Wednesday as oil prices boosted energy stocks and financials got a lift after Morgan Stanley rounded off a strong quarter for big U.S. banks.

However, gains, especially on the Nasdaq, were limited by Intel. The chipmaker tumbled 6 percent, weighing the most on major indexes, after its disappointing revenue forecast. The chip index dipped 0.54 percent.

U.S. crude prices surged 3 percent to a 15-month high after a report showed an unexpected drop in U.S. crude stockpiles.

The energy sector jumped 1.74 percent, the most in three weeks, also boosted by a 4.8 percent rise in Halliburton following its surprise quarterly profit.   Continuación...