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Empresas y finanzas

Tech, pharma advance leads Wall St higher


    NEW YORK (Reuters) - The Nasdaq rose more than 1 percent on Wednesday as investors snapped up technology shares after a two-day sell-off, while both the Dow and the S&P 500 clung to modest gains as healthcare shares advanced.

    Goldman Sachs added chipmaker Qualcomm to its "conviction buy" list while rival Texas Instruments was upgraded by Banc of America Securities-Merrill Lynch to "buy" from "underperform."

    Qualcomm shares jumped 2.7 percent to $44.64, while Texas Instruments was up 3.2 percent at $21.40. Networking equipment maker Cisco also underpinned the technology sector after its CEO said he had seen business improve.

    The Dow Jones industrial average climbed 28.34 points, or 0.33 percent, to 8,533.01. The Standard & Poor's 500 Index gained 1.83 points, or 0.20 percent, to 913.80. The Nasdaq Composite Index rose 15.25 points, or 0.85 percent, to 1,811.43, after rising 1 percent to hit a session high at 1,814.65.

    (Reporting by Ellis Mnyandu; Editing by Jan Paschal)