Wall St. up on oil, upbeat earnings; Intel limits gains



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 (INTC.O). The chipmaker tumbled 6 percent, weighing the most on major indexes, after its disappointing revenue forecast. The chip index .SOX 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. [O/R]
The energy sector .SPNY jumped 1.74... read more

 
19 October 2016 in World News, Views: 43
Source: Reuters
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