US STOCKS-Wall St up 1 pct on earnings, data; housing shares jump

viernes 17 de octubre de 2014 14:15 GYT
 

* GE, Honeywell climb after quarterly results

* Housing shares up after WSJ report, data

* Small caps flat after longest streak of 1 pct gains since 2012

* Indexes up: Dow 1.5 pct, S&P 1.3 pct, Nasdaq 1.1 pct (Updates to afternoon trading, changes byline)

By Caroline Valetkevitch

NEW YORK, Oct 17 (Reuters) - U.S. stocks were up more than 1 percent in afternoon trading on Friday following a batch of solid earnings reports that offset concerns about the impact of weak global demand on U.S. growth and businesses.

But the market was off its highs of the session, and small caps turned negative after three days of strong gains. The Russell 2000 index was down 0.3 percent after posting Thursday its longest streak of more than 1 percent gains since July 2012.

Despite Friday's gain, the S&P index was still on track for its fourth straight weekly decline, its longest streak in more than three years, and is down nearly 6 percent from its record high following recent worries over the health of the global economy and spread of the Ebola virus.

Among the day's biggest positive influences, General Electric shares rose 2.7 percent to $24.91 after the company third-quarter earnings topped analyst expectations, pushing the S&P industrial sector up 1.8 percent.   Continuación...