US STOCKS-Tech, healthcare stocks prop up Wall Street

By Reuters / January 01, 1970 / in.investing.com / Article Link

* Oil prices fall from 2015 highs, U.S. crude at $59.53/bbl

* China imports fuel copper's ascent to 3-1/2 year high

* Tesla down on KeyBanc's lowered est for Model 3 deliveries

* Indexes up: Dow 0.15 pct, S&P 0.16 pct, Nasdaq 0.25 pct (Changes comment, updates prices, adds details)

By Sruthi Shankar

Dec 27 (Reuters) - U.S. stocks edged higher in late morning trading on Wednesday, helped by gains in technology and healthcare shares.

The best-performing technology sector .SPLRCT has declined for the past five trading sessions, falling the most on Tuesday after reports of tepid iPhone X demand hit Apple AAPL.O shares and its suppliers.

"Ever since September, technology stocks have had some momentum left behind them," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

"After a last couple of days - Apple and its suppliers were down and perhaps that was an overreaction - people are buying what they hope to be bargains."

Trading volumes were muted in the holiday-shortened week between Christmas and New Year.

At 10:55 a.m. ET (1555 GMT), the Dow Jones Industrial Average .DJI was up 36.36 points, or 0.15 percent, at 24,782.57 and the S&P 500 .SPX was up 4.28 points, or 0.16 percent, at 2,684.78. The Nasdaq Composite .IXIC was up 17.37 points, or 0.25 percent, at 6,953.62.

Oil prices fell after hitting a near two-and-a-half year high in the previous session, pressuring the S&P energy index .SPSY , which fell 0.29 percent. O/R

ConocoPhillips (NYSE:COP) COP.N dropped 1.5 percent COP.N and Chevron (NYSE:CVX) CVX.N fell 0.5 percent.

Johnson & Johnson (NYSE:JNJ) JNJ.N and Pfizer (NS:PFIZ) PFE.N rose 0.5 percent each, propping up the S&P healthcare sector .SPXHC .

Tesla TSLA.O shares fell more than 1 percent after brokerage KeyBanc lowered it estimates for Model 3 deliveries to roughly 5,000 units from 15,000 units for the fourth quarter. of wireless-charging technology developer Energous Corp WATT.O soared about 80 percent after it got certification for its wireless charging transmitter. issues outnumbered decliners on the NYSE by 1,717 to 993. On the Nasdaq, 1,835 issues rose and 894 fell.

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