US STOCKS-Wall St jumps as investors snap up energy, biotechs
(Updates to late afternoon)
* S&P 500 reclaims key 1,900 mark
* Crude oil up; energy sector leads rally
* JPMorgan up after Q4 results beat; financials gain
* Indexes up: Dow 1.9 pct, S&P 2.1 pct, Nasdaq 2.6 pct
By Caroline Valetkevitch
Jan 14 (Reuters) - U.S. stocks rebounded sharply in late Thursday trading as investors snapped up battered energy and other shares, while financials rose after upbeat results from JPMorgan.
The S&P energy sector shot up 4.4 percent, on track for its best day since late August, while shares of Exxon Mobile surged 5.2 percent, also the biggest percentage gain since August, while Chevron jumped 5.4 percent.
The Nasdaq Biotech Index rose 4.5 percent, while the S&P 500 index traded above 1,900. Continuación...