US STOCKS-Financial shares mint 5th day of gains; indexes close flat

jueves 14 de abril de 2016 16:27 GYT
 

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

* Financials' winning streak longest since July

* Seagate sinks after disappointing estimates

* Dow up 0.1 pct, S&P up 0.02 pct, Nasdaq down 0.03 pct (Updates with close of U.S. markets)

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 and financial shares kept bouncing back.

Bank of America Corp shares rose 2.5 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 slipped 0.5 percent after the bank's quarterly report.

Financials, the worst performing sector this year, rose 0.3 percent and tallied their fifth straight day of gains, the group's first such streak since July. BlackRock shares rose 1.9 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...