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Telecomunicaciones y tecnología

Health care and financials boost Wall Street


    NEW YORK (Reuters) - Stocks rose for a third day on Thursday after Standard & Poor's cut General Electric's credit rating by just one notch below "AAA" and signaled no further downgrades loomed while data suggested some stabilization in consumer spending.

    The S&P 500 financials index was up 3 percent.

    Sentiment was also lifted by news of a takeover in the biotechnology sector and the S&P health-care sector index rose about 4 percent.

    The Dow Jones industrial average rose 122.89 points, or 1.77 percent, to 7,053.29, near its session high. The Standard & Poor's 500 Index added 14.02 points, or 1.94 percent, to 735.38. The Nasdaq Composite Index gained 22.43 points, or 1.64 percent, to 1,394.07.

    (Reporting by Deepa Seetharaman; Editing by Jan Paschal)