* S&P 500 ends higher after early decline
* U.S. oil prices reverse losses
* China slowdown fears have dragged commodities towards 2015 lows
* AMD revenue warning weighs on semiconductor companies
* Indexes end higher: Dow 0.53 pct, S&P 0.61 pct, Nasdaq 0.11 pct (Updates with comment, closing prices)
By Noel Randewich
July 7 (Reuters) - U.S. stocks ended higher after a choppy session on Tuesday, as a rebound in U.S. oil prices helped offset concerns about a slowdown in China and the Greek debt crisis.
The S&P energy index reversed course to trade up 0.9 percent as U.S. crude oil rose 0.7 percent after trading as much as 3.7 percent lower earlier in the day.
Oil markets have been keeping a close eye on negotiations between Iran and six major powers over a nuclear deal. A source close to the talks said there must be an agreement soon if there is to be an accord to end sanctions in exchange for curbs on Tehran’s atomic program.
“The decline in oil ended,” said Stephen Massocca, Chief Investment Officer at Wedbush Equity Management LLC in San Francisco. “Energy stocks bounced, and when that happened it helped the indices move higher.”
Concerns about China’s economy and its sliding stock market have weighed recently on an already ravaged global commodity sector, with prices of copper, coal, natural gas and iron ore falling towards their 2015 lows.
Euro zone leaders held an emergency meeting in Brussels on Tuesday and could hold another summit on Sunday to approve a plan to aid Greece if creditor institutions are satisfied with a Greek loan application and reform plan, two senior EU sources said.
Greece is expected to submit a formal request for a medium-term assistance program from the European Stability Mechanism rescue fund within hours and euro zone finance ministers have said they will hold a conference call on Wednesday morning to consider that request.
The Dow Jones industrial average rose 93.33 points, or 0.53 percent, to end at 17,776.91. The S&P 500 gained 12.58 points, or 0.61 percent, to 2,081.34 after briefly falling below its 200-day moving average. The Nasdaq Composite added 5.52 points, or 0.11 percent, to 4,997.46.
Nine of the 10 major S&P 500 sectors finished higher. The utilities index jumped 2.48 percent while the materials index was down 0.33 percent.
Some investors believe the storm clouds over Greece and China may give the Federal Reserve reason to hold off raising U.S. interest rates, or at least slow the pace of their rise.
“The U.S. economy should benefit from lower interest rates and lower oil prices that are a result of a slower China and the Greek crisis,” said Paul Zemsky, chief investment officer, Multi-Asset Strategies and Solutions, at Voya Investment Management.
A warning from Chipmaker Advanced Micro Devices about weak demand for personal computers pushed its shares 15.4 percent lower and hurt peers such as Nvidia and Intel .
Advancing issues outnumbered declining ones on the NYSE by 1,837 to 1,248, for a 1.47-to-1 ratio on the upside; on the Nasdaq, 1,636 issues fell and 1,150 advanced for a 1.42-to-1 ratio favoring decliners.
The benchmark S&P 500 index posted 14 new 52-week highs and 48 new lows; the Nasdaq Composite recorded 46 new highs and 166 new lows.
About 8.6 billion shares traded on all U.S. platforms, according to BATS exchange data, well above the average of 6.9 billion in the past five sessions. (Additional reporting by Tany Agrawal; Editing by Chizu Nomiyama and James Dalgleish)