US STOCKS-Wall St bounces back in broad rally; bank shares gain

jueves 12 de marzo de 2015 15:02 GYT

* Wall St coming off extended decline

* Bank stocks higher after Fed stress tests

* Intel shares fall after lowered outlook

* Indexes up: Dow 1.2 pct, S&P 1 pct, Nasdaq 0.7 pct (Updates to late afternoon)

By Caroline Valetkevitch

NEW YORK, March 12 (Reuters) - U.S. stocks rose in a broad rally on Thursday, bouncing back from two straight days of losses, helped by a weaker dollar and a rally in banking shares.

A weak outlook from Intel, however, limited gains in the tech sector.

Retail sales unexpectedly dropped for a third month in February, which helped the euro rebound from a 12-year low. A pause in the dollar's recent rally helped ease worries about corporate profits and tempered the outlook for first-quarter growth and a June interest rate increase by the Federal Reserve.

"I've been a believer in a June rate hike for a while, but the odds really went up on Friday, and the market action we've seen since then is in line with the volatility we've historically seen around rate hikes," said James Liu, global market strategist for JPMorgan Funds in Chicago.   Continuación...