US STOCKS-Wall St rallies on sturdy earnings, data

viernes 17 de octubre de 2014 11:25 GYT
 

* GE climbs after quarterly results

* Housing starts rise in September

* Umich tops expectations

* Indexes up: Dow 1.6 pct, S&P 1.64 pct, Nasdaq 1.62 pct (Updates to late morning)

By Chuck Mikolajczak

NEW YORK, Oct 17 (Reuters) - U.S. stocks rose on Friday, with each of the major indexes up more than 1 percent, following a batch of solid earnings reports that eased concerns about the impact of weak global demand on U.S. growth and businesses.

The benchmark S&P index is on track for its fourth straight weekly decline, its longest streak in more than three years, and is down about 6 percent from its record high amid concerns about the health of the global economy and spread of the Ebola virus.

Investors eyeing corporate earnings for positive trading incentives were rewarded. General Electric shares rose 3.8 percent to $25.17 after the company reported third-quarter earnings that topped analyst expectations, pushing the S&P industrial sector up 1.8 percent.

Fellow industrial Honeywell shares gained 4.1 percent to $89.27 after its quarterly results, to help send the S&P industrials sector up 2.3 percent.   Continuación...