US STOCKS-Indexes gain at least 1 pct as financial shares lead

miércoles 13 de abril de 2016 16:25 GYT
 

* JPMorgan shares boost S&P 500 as profit tops views

* Nasdaq tallies highest close of 2016

* China's jump in exports soothes growth fears

* Indexes up: Dow 1.06 pct, S&P 1 pct, Nasdaq 1.55 pct (Updates with close of U.S. markets)

By Lewis Krauskopf

April 13 (Reuters) - Wall Street rallied for a second straight day on Wednesday, led by gains in beaten-down financial shares after JPMorgan's quarterly results.

The major indexes each ended up at least 1 percent. The S&P 500 finished at its highest level in more than four months, while the Nasdaq registered its highest close of the year and the Dow industrials touched a more than five-month high.

JPMorgan, the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations. Its shares surged 4.2 percent and gave the biggest boost to the S&P 500.

Financials, the worst performing sector this year, were the leading group on Wednesday, climbing 2.2 percent. Other big bank earnings are due this week, including reports from Bank of America and Wells Fargo on Thursday.   Continuación...