US STOCKS-S&P 500 hits record intraday high

lunes 11 de julio de 2016 09:41 GYT

* Alcoa to kick of 2nd-qtr earnings after markets close

* JPMorgan gives biggest boost to S&P

* Indexes up: Dow 0.41 pct, S&P 0.33 pct, Nasdaq 0.51 pct (Updates to open)

By Yashaswini Swamynathan

July 11 (Reuters) - The S&P 500 set a record high on Monday after a stunning monthly jobs report last week boosted confidence in the U.S. economy.

The gains were broad-based, with seven of the 10 major S&P sectors higher. Financials led the gainers with a 0.62 percent rise. JPMorgan was up 1.3 percent and provided the biggest boost to the S&P.

Citigroup, Bank of America and Wells Fargo were also trading higher.

"Reaching a new high may see money moving from the sidelines of safety trades, like Treasury bonds and gold, back into the equity markets," said Robert Pavlik, chief market strategist at Boston Private Wealth.

"The emphasis of the markets will be how fast and how long the S&P remains above the record today."   Continuación...