US stocks snapped a six-week losing streak after better-than-estimated results from Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. alleviated concern that earnings will extend their yearlong slump.

The S&P 500 added 0.36 point to 1,260.68 today, giving the benchmark a 1.7 percent gain since July 11 and ending the longest stretch of weekly losses in four years. The Dow average climbed 49.91, or 0.4 percent, to 11,496.57. The Nasdaq Composite Index fell 29.52, or 1.3 percent, to 2,282.78.

(Bloomberg.com)