US STOCKS-Energy, banks lead Wall St rebound after grueling week

viernes 12 de febrero de 2016 11:00 GYT

* U.S. crude prices up 6 pct

* JPMorgan up after CEO buys shares

* Indexes up: Dow 109.17 pct, S&P 15.85 pct, Nasdaq 34.72 pct (Adds details, updates share prices)

By Aastha Agnihotri

Feb 12 (Reuters) - Wall Street staged a modest comeback on Friday, led by a rebound in financial and energy stocks, after a punishing, widespread rout this week on concerns about the health of the global economy, and ahead of the long weekend.

Nine of the 10 major S&P sectors were higher, led by a 2.28 percent rise in the financial sector. The sector had slumped 17.7 percent this year, excluding Friday's gains.

Banks stocks, which were the worst hit due to concerns about the impact of negative interest rates and a energy-backed loan defaults, were the top gainers, led by JPMorgan's 5.1 percent gain.

Six of the top ten gainers on the S&P 500 were financials, led by banks.

Prices of U.S. crude, which has been in a tailspin for more than a year, soared nearly 7 percent on Friday after the United Arab Emirates' energy minister said OPEC was willing to talk about cutting production.   Continuación...