US STOCKS-Wall St rebound led by gains Internet stocks

martes 8 de abril de 2014 14:45 GYT
 

* Amazon.com, Yahoo shares up as Internet stocks rebound

* Earnings get under way; Alcoa to report after bell

* Indexes: Dow flat; S&P up 0.3 pct, Nasdaq up 0.7 pct (Updates prices)

By Angela Moon

NEW YORK, April 8 (Reuters) - U.S. stocks mostly rose on Tuesday, rebounding after three days of declines, as investors bought beaten-down shares of social media and Internet companies.

The day's biggest gainers included Amazon.com Inc up 2.6 percent at $326.14, Yahoo! Inc up 2.8 percent at $34.02, and LinkedIn Corp rose 5.5 percent to $168.38.

The Global X social media index rose 2.4 percent to 18.50.

But blue chips, which had been outperforming the broader market for several days, turned lower in afternoon trading, led by financial stocks. Goldman Sachs Group was down 1.6 percent at $155.99 and JPMorgan Chase off 0.5 percent at $58.62.

Biotechnology stocks were seesawing between gains and losses. The Nasdaq biotechnology index was last down 0.5 percent at 2,356. Gilead Sciences Inc was among the biggest decliners on the S&P 500, down 3.2 percent at $69.95.   Continuación...