US STOCKS-Energy, banks lead Wall St recovery after punishing week

viernes 12 de febrero de 2016 12:33 GYT
 

* Financial lead, led by banks

* JPMorgan jumps after CEO Dimon ups stake

* Crude surges 11 pct, boosting energy, materials stocks

* Indexes up: Dow 1.06 pct, S&P 0.93 pct, Nasdaq 0.5 pct (Adds details, comment, updates share prices)

By Aastha Agnihotri

Feb 12 (Reuters) - Wall Street staged a comeback on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days of a grueling rout on fears over the health of the global economy and the banking sector.

Nine of the 10 major S&P sectors were higher, led by a 2.4 percent rise in the financial sector. Six of the top ten gainers on the S&P 500 were from the financial sector, which is down 15 percent this year.

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 4.9 percent gain.

Energy and materials stocks, both of which have been hammered by plummeting commodities prices this year, were up about 1.8 percent.   Continuación...