US STOCKS-Financial shares on pace for 5th day of gains; indexes flat

jueves 14 de abril de 2016 14:56 GYT
 

* Bank of America props up S&P 500 after results

* Financials' winning streak would be longest since July

* Seagate sinks after disappointing estimates

* Dow up 0.04 pct, S&P down 0.01 pct, Nasdaq down 0.12 pct (Updates to late afternoon)

By Lewis Krauskopf

April 14 (Reuters) - Wall Street was little changed on Thursday after two days of solid gains as investors digested the latest round of big bank earnings.

Bank of America Corp shares rose 2.8 percent, giving the biggest boost to the S&P 500, after the No. 2 U.S. bank by assets reported a slide in quarterly profit in line with expectations. Wells Fargo shares were up 0.1 percent after the bank's quarterly report.

Financials, the worst performing sector this year, rose 0.4 percent and were on pace for their fifth straight day of gains, which would be the group's first such streak since July. BlackRock shares rose 2 percent after the asset manager announced a restructuring.

Results from JPMorgan, the No. 1 U.S. bank by assets, had helped boost the market on Wednesday a day after energy shares led Wall Street higher.   Continuación...