US STOCKS-Banks, China data drive Wall Street gains

miércoles 13 de abril de 2016 09:56 GYT
 

* JPMorgan up after higher-than-expected profit

* China exports rise more than expected in March

* U.S. retail sales fall unexpectedly in March

* Indexes up: Dow 0.75 pct, S&P 0.67 pct, Nasdaq 0.83 pct (Updates to open)

By Abhiram Nandakumar

April 13 (Reuters) - Wall Street was higher on Wednesday as bank earnings kicked off on an upbeat note, with JPMorgan topping profit estimates, and China's strong trade data raised hopes that the world's second largest economy was on the road to recovery.

Shares of JPMorgan, which kicked off Wall Street bank earnings, were up 3.1 percent at $61.13. Other bank stocks were also trading up, with Bank of America rising 2.8 percent and Citigroup gaining 3 percent.

The results added to upbeat Chinese data, which showed March exports handily beat expectations, rising for the first time in nine months.

Global markets logged strong gains following the data.   Continuación...