US STOCKS-Wall St gains 1 pct on results but S&P down for 4th week

viernes 17 de octubre de 2014 17:01 GYT

* GE, Honeywell climb after quarterly results

* Housing shares up after WSJ report, data

* Small caps dip; energy shares gain

* Indexes up: Dow 1.6 pct, S&P 1.3 pct, Nasdaq 1 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Oct 17 (Reuters) - U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines.

The S&P 500's streak of weekly losses was its longest since August 2011, and the index still is off 6.2 percent from its Sept. 18 record high. The drop follows worries over the health of the global economy, the spread of the Ebola virus, as well as factors including lower oil prices and uncertainty about the Federal Reserve's next steps.

However, the broad index this week steered clear of correction territory, a 10-percent drop from its high.

Friday's earnings offset some of the concerns about the impact of weak global demand on U.S. corporations. Honeywell shares gained 4.3 percent to $90.06 after results. General Electric shares rose 2.4 percent to $24.82 on its earnings.   Continuación...