US STOCKS-Wall St extends rebound on earnings, ECB report

martes 21 de octubre de 2014 16:41 GYT

* Apple rallies, lifting S&P 500 and Nasdaq

* S&P 500 finishes above 14-day, 200-day moving averages

* Stocks boosted by report of possible ECB bond buying

* Indexes jump: Dow 1.31 pct, S&P 1.96 pct, Nasdaq 2.4 pct

By Yasmeen Abutaleb

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

The S&P 500 and Dow Jones were up more than 1 percent while the Nasdaq rose more than 2 percent, thanks to better-than-expected results from several major tech companies.

The bullish tone was helped by a Reuters story that said the European Central Bank is considering buying corporate bonds. It led to active futures trading before the opening bell and helped lift European stocks from last week's 13-month low.

"That is allowing the market to breathe a little sigh of relief," said Kevin Caron, market strategist at Stifel, Nicolaus & Co in Florham Park, New Jersey. "The market has come to fear the absence of central banks."   Continuación...