US STOCKS-Wall St rallies;, S&P 500 snaps 5-day losing streak

viernes 12 de febrero de 2016 17:41 GYT
 

* Financials' gains led by rebound in European banks

* U.S. oil settles up 12 pct on renewed talk of OPEC cut

* S&P 500 closes at its high for the session

* Indexes up: Dow 2 pct, S&P 2 pct, Nasdaq 1.7 pct (Updates to close)

By Caroline Valetkevitch

Feb 12 (Reuters) - U.S. stocks rallied on Friday, snapping a five-day losing streak in the S&P 500, as financial, commodity-related and other beaten-down shares rebounded.

U.S. oil prices settled 12.3 percent higher, boosting energy shares 2.6 percent. The materials sector jumped 2.9 percent.

Investors also snapped up battered shares of financials. U.S.-listed shares of Deutsche Bank were up 12 percent at $17.38, while the S&P financial index rallied 4 percent, its largest daily percentage gain since November 2011.

"Europe was strong and especially the banks in Europe, and that appeared to have some positive carryover effect on sentiment towards banking and other financial stocks here in the U.S.," said John Carey, portfolio manager at Pioneer Investment Management in Boston, which has about $220 billion in assets under management.   Continuación...