US STOCKS-Wall St rallies after 2-day drop, Alcoa earnings

martes 13 de enero de 2015 10:59 GYT

* Alcoa up after results

* KB Home lifts housing index after earnings

* Oil falls near 6-year low

* Indexes up: Dow 1.48 pct, S&P 1.23 pct, Nasdaq 1.43pct (Adds quote)

By Chuck Mikolajczak

NEW YORK, Jan 13 (Reuters) - U.S. stocks rallied on Tuesday to bounce from a two-day decline as financial results from Alcoa helped ease some investor worry regarding the corporate earnings season.

Alcoa Inc reported a higher-than-expected quarterly profit due to automotive demand, higher aluminum prices and lower energy costs. The stock opened higher but was last trading little changed at $16.18.

Gains were broad, with each of the 10 major S&P sectors in positive territory.

Equities fell for a second straight day on Monday as another sharp decline in energy shares and growing concern over corporate profits weighed on stocks. The benchmark S&P index has fallen in seven of the prior nine sessions and is down about 1.7 percent from its most recent record high on Dec. 29.   Continuación...