US STOCKS-JPMorgan-powered rally pushes S&P, Dow to new highs

jueves 14 de julio de 2016 13:01 GYT

* JPMorgan revenue beat boosts stock; other banks also up

* Yum rises on strength in key China business

* Japan's Line Corp soars in U.S. market debut

* Indexes up: Dow 0.69 pct, S&P 0.51 pct, Nasdaq 0.55 pct (Updates to early afternoon)

By Yashaswini Swamynathan and Tanya Agrawal

July 14 (Reuters) - The benchmark S&P 500 and the Dow scaled new highs yet again as JPMorgan's strong results on Thursday set an upbeat mood for earnings and spurred a rally in financial stocks.

JPMorgan, the biggest U.S. bank by assets and the first among its peers to issue results, reported a much better-than-expected rise in quarterly revenue.

The bank's shares rose 2.1 percent, while the S&P financial index rose 0.91 percent, leading the advancers among the 10 major S&P sectors.

The materials index gained 0.85 percent, boosted by Monsanto's 3 percent increase after Bayer raised its offer for the seed company.   Continuación...