US STOCKS-Wall St rises on Citi earnings, retail sales data

lunes 14 de abril de 2014 14:19 GYT

* Citigroup one of S&P's biggest gainers after results

* U.S. March retail sales post biggest gain in 1-1/2 years

* Brent crude prices jump; energy stocks follow

* Dow up 0.7 pct; S&P 500 up 0.6 pct; Nasdaq up 0.5 pct (Updates to afternoon trading, changes byline)

By Ryan Vlastelica

NEW YORK, April 14 (Reuters) - U.S. stocks rose on Monday, rebounding after a sharp selloff in the previous session as strong results from Citigroup and bullish retail sales data lifted sentiment.

While concerns over the possible escalation of hostilities in Ukraine added an element of caution to the market, gains were broad and all 10 major S&P 500 sectors rose on the day.

Citigroup led financial shares higher after the bank reported quarterly earnings that beat expectations, aided by a smaller loss on its troubled assets even as its revenue declined. The stock rose 4.6 percent to $47.78 while both the S&P financial index and the KBW Banks index gained 0.7 percent.

Among other financials, Bank of America Corp shares rose 1.5 percent to $16 while Morgan Stanley was up 1.8 percent at $28.99.   Continuación...