BUZZ-U.S. Stocks on the Move- Bank stocks, Skyworks, oil stocks

Tue Oct 14, 2014 1:24pm EDT
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter,

U.S. stocks rose sharply on Tuesday, rebounding from the S&P 500's worst three-day drop since November 2011, as bullish investors pinned hopes on a solid earnings season to ease global growth concerns. The Dow Jones industrial average was up 0.68 percent at 16,431.78, the S&P 500 was up 1.02 percent at 1,893.88 and the Nasdaq Composite was up 1.09 percent at 4,259.74.

** JPMORGAN CHASE & CO, $58.44, +0.48 pct

The biggest U.S. bank reported lower-than-expected third-quarter profit on Tuesday as high costs more than offset strength in its capital markets and lending businesses..

For a Breakingviews column,

** CITIGROUP INC, $51.44, +3.09 pct

The third-largest U.S. bank said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs.   Continued...