US STOCKS-Wall St snaps 3-day losing streak as tech rebounds

martes 8 de abril de 2014 16:57 GYT
 

* Amazon.com, Yahoo shares jump; investors buy Internet 'bargains'

* Alcoa starts earnings season; shares up after results

* Dow up 0.1 pct; S&P 500 up 0.4 pct; Nasdaq up 0.8 pct (Updates to close)

By Angela Moon

NEW YORK, April 8 (Reuters) - U.S. stocks rose on Tuesday, snapping a three-day losing streak as investors bought beaten-down social media and Internet shares.

The day's biggest gainers included Amazon.com Inc, up 2.9 percent at $327.07; Yahoo Inc, up 2.3 percent at $33.83; and LinkedIn Corp, up 5.9 percent at $169.10.

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

But gains in the blue-chip Dow Jones industrial average were capped by a decline in bank stocks. Goldman Sachs Group fell 1.3 percent to end at $156.56. JPMorgan Chase & Co slipped 0.3 percent to close at $58.85.

Alcoa Inc kicked off the earnings season after the bell on Tuesday, reporting a first-quarter loss due to a restructuring charge. But the stock jumped more than 2 percent in extended-hours trade.   Continuación...