US STOCKS-Wall St rallies after 5 down days; ends down for week

viernes 16 de enero de 2015 17:53 GYT

* Energy shares climb with crude bounce

* Consumer sentiment a boost

* Indexes up: Dow 1.1 pct, S&P 1.3 pct, Nasdaq 1.4 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Jan 16 (Reuters) - U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth.

U.S. consumer sentiment hit its highest in 11 years in January, while factory output rose last month, reports showed.

All 10 of the S&P 500 sectors ended higher, though energy led the charge, rising 3.2 percent. U.S. crude oil futures settled up 5.3 percent after the International Energy Agency forecast the market downtrend would end. Brent gained 3.9 percent.

"You had a pretty strong consumer confidence report that seemed to turn the market right around," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

"Along with that came sturdier oil prices, and I think that's the elixir for ultimately better equity prices ... dampening concern that low oil prices are a reflection of weak demand."   Continuación...