US STOCKS-Wall St sets another record as JPMorgan leads banks higher

jueves 14 de julio de 2016 16:40 GYT
 

* Utilities sole S&P sector in the red

* Japan's Line Corp soars in U.S. market debut

* Volatility index closes at 11-month low

* Indexes up: Dow 0.73 pct, S&P 0.53 pct, Nasdaq 0.57 pct (Updates to close, changes byline)

By Rodrigo Campos

NEW YORK, July 14 (Reuters) - Financial stocks led the S&P 500 and the Dow industrials to record highs on Thursday after JPMorgan's strong quarterly results, while upbeat economic data cemented bets that the current rally on Wall Street can chug along.

JPMorgan, the biggest U.S. bank by assets and the first among its peers to issue results this earnings season, reported a much better-than-expected rise in quarterly revenue.

The bank's shares rose 1.5 percent to $64.12, while the S&P financial index rose 0.89 percent.

Support for stocks came also in the form of strong U.S. economic data. Filings for unemployment benefits unexpectedly held steady near a 43-year low last week, while producer prices recorded their biggest gain in a year in June.   Continuación...