US STOCKS-Wall St extends bounce-back; S&P above key averages

martes 21 de octubre de 2014 13:32 GYT

* Apple rallies, lifting S&P 500 and Nasdaq

* Weakness in Coca-Cola limits Dow's advance

* S&P 500 back above 14-day moving average

* Indexes up: Dow 0.9 pct, S&P 1.4 pct, Nasdaq 1.7 pct

NEW YORK, Oct 21 (Reuters) - U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains boosted by strong corporate results, including Apple's.

The S&P 500 and Nasdaq were both up more than 1 percent while the Dow's gains were limited by a selloff in Coca-Cola shares.

The S&P 500 has gained more than 6 percent from its session low last Wednesday, when the benchmark was down nearly 10 percent from its intraday record. The index is on track to close above its 14-day moving average for the first time since Sept. 24 and was also trading above its 200-day average.

At 1:16 p.m. EDT (1716 GMT) the Dow Jones industrial average rose 149.5 points, or 0.91 percent, to 16,549.17, the S&P 500 gained 26.76 points, or 1.41 percent, to 1,930.77 and the Nasdaq Composite added 72.02 points, or 1.67 percent, to 4,388.09.

Apple Inc rose 2.4 percent to $102.18 a day after revenue topped expectations, helped by strong iPhone sales. It also gave a strong outlook for the holiday quarter.   Continuación...