12 de marzo de 2015 / 13:52 / en 3 años

US STOCKS-Wall St up after recent declines; Intel weighs

* Wall St coming off extended decline

* Weekly jobless claims fall, retail sales disappoint

* Intel shares fall after lowered outlook

* Indexes up: Dow 0.9 pct, S&P 0.7 pct, Nasdaq 0.3 pct (Updates to market open, adds Intel outlook)

By Ryan Vlastelica

NEW YORK, March 12 (Reuters) - U.S. stocks rose modestly on Thursday, partially rebounding after a recent bout of weakness, though a surprise drop in retail sales and a weak outlook from Intel limited the day’s gains.

Wall Street has been on a downtrend of late, with the S&P 500 down in eight of the past 11 sessions, shedding 3 percent over the past four sessions alone.

The weakness has largely been driven by concerns the Fed could raise rates as early as June. Last week’s strong payroll report solidified this view, as the central bank said it would begin raising rates when it deemed the economy strong enough to handle it.

In the latest data, jobless claims fell far more than expected in the latest week, supporting a theory that the labor market is rapidly strengthening. Retail sales unexpectedly dropped for a third month in February.

“I’ve been a believer in a June rate hike for a while, but the odds really went up on Friday, and the market action we’ve seen since then is in line with the volatility we’ve historically seen around rate hikes,” said James Liu, global market strategist for JPMorgan Funds in Chicago.

Intel Corp slashed its revenue forecast for the first quarter, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain.

Shares of the Dow component fell 3 percent to $31.35 and limited the Nasdaq’s advance.

The U.S. dollar index fell 0.8 percent but remains up about 10 percent for the year, building on last year’s rise of nearly 13 percent.

“The dollar has been strengthening dramatically, which investors are correctly interpreting as implying weak earnings growth over coming quarters,” Liu said. S&P 500 earnings are now expected to decline 2.7 percent in the first quarter from a year ago, Thomson Reuters data showed.

Lumber Liquidators rose 3.6 percent to $33.94 in volatile trading. The company, facing U.S. government investigations over claims of dangerous levels of a cancer-causing substance in its flooring products, stood by the safety its products and offered free indoor air-quality testing for qualifying consumers.

JA Solar rose 6.5 percent to $9.60 after results. Shake Shack tumbled 9 percent to $42.60 after it forecast slowing same-restaurant sales growth in 2015.

The Dow Jones industrial average rose 161.04 points, or 0.91 percent, to 17,796.43, the S&P 500 gained 14.4 points, or 0.71 percent, to 2,054.64 and the Nasdaq Composite added 13.82 points, or 0.28 percent, to 4,863.76.

Advancing issues outnumbered declining ones on the NYSE by 2,366 to 393, for a 6.02-to-1 ratio; on the Nasdaq, 1,693 issues rose and 579 fell for a 2.92-to-1 ratio favoring advancers.

The benchmark S&P 500 was posting 11 new 52-week highs and 7 new lows; the Nasdaq Composite was recording 67 new highs and 33 new lows.

Editing by Bernadette Baum and Nick Zieminski

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