* Coca-Cola and Johnson & Johnson rally after results
* Tesla and Netflix slide, but Twitter jumps after deal
* Intel and Yahoo rise after the bell on results
* Dow up 0.6 pct; S&P 500 up 0.7 pct; Nasdaq up 0.3 pct (Updates to close, adds gains in Intel and Yahoo after the bell on results )
By Ryan Vlastelica
NEW YORK, April 15 (Reuters) - U.S. stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq's advance.
Coke and J&J, both Dow components, climbed after their results while recent outperformers fell, a sign that investors were rotating from growth stocks into value ones. In recent weeks, high-growth stocks have been under pressure after a meteoric rise in their prices took valuations to levels that appeared unsustainable.
The three major U.S. stock indexes fell for much of the session before rebounding in afternoon trading. The Nasdaq moved in a 108.77-point range, and at its lows of the day, it was within 0.3 percent of 3,934.53, the level that represents a 10 percent drop from its recent intraday peak, hit on March 6.
"The market is trying to stabilize, and investors are looking for high-quality names that have stability in their earnings and prices," said Bruce McCain, chief investment strategist at Key Private Bank in Cleveland, Ohio. "This afternoon's move is part of that same flight to quality."
Coca-Cola Co jumped 3.7 percent to $40.18 as one of the S&P 500's biggest gainers after the world's largest beverage maker reported better-than-expected quarterly revenue, helped by strong sales in China. Johnson & Johnson rose 2.1 percent to $99.20 after the pharmaceuticals and consumer products company posted earnings that beat expectations and raised its full-year profit view.
Among the most active "momentum" names, shares of electric car maker Tesla Motors Inc fell 2.1 percent to $193.91 and shares of online movie rental company Netflix Inc dropped 1.6 percent to $326.27. Intuitive Surgical shares fell 1.9 percent to $417.09.
"We're going through a period of rolling corrections, which will consolidate the high-growth names that did so great last year," said Hayes Miller, head of asset allocation in North America at Baring Asset Management in Boston. "I don't read anything systemic into the action, as seen by the gains in more defensive areas. The losses should remain contained."
After the closing bell, Intel Corp shares rose 3 percent to $27.56 in extended-hours trading after the chipmaker reported its first-quarter results and gave an outlook. Yahoo Inc shares rose 1.4 percent to $34.70 after the bell following the company's results.
The Dow Jones industrial average rose 89.32 points, or 0.55 percent, to end at 16,262.56. The Standard & Poor's 500 Index gained 12.37 points, or 0.68 percent, to finish at 1,842.98. The Nasdaq Composite Index added 11.47 points, or 0.29 percent, to close at 4,034.16.
In the latest economic snapshot, a gauge of manufacturing in New York state grew at a much slower rate in April than it did in March, coming in far below expectations.
The U.S. Consumer Price Index increased 0.2 percent in March as food and housing rental costs rose, although inflation pressures remained generally benign.
S&P 500 companies' first-quarter earnings are projected to have increased just 1 percent from a year ago, Thomson Reuters data showed. The forecast is down sharply from the start of the year, when profit growth was estimated at 6.5 percent.
Twitter Inc shares surged 11.4 percent to close at $45.52 after the company said it bought social data provider Gnip for an undisclosed amount.
Aaron's Inc shares tumbled 4 percent to end at $29.25 after the rent-to-own furniture and electronics retailer said it had rejected a $2.3 billion takeover offer from a major shareholder and instead acquired a retail credit financing firm for about $700 million.
Barcode printer maker Zebra Technologies said it would buy Motorola Solutions Inc's enterprise business, which makes rugged mobile computers, tablets and barcode scanners, for $3.45 billion in cash. Motorola Solutions shares declined 0.6 percent to end at $63.37. Zebra shares tumbled 10.1 percent to close at $61.39.
About 58 percent of stocks traded on the New York Stock Exchange closed higher for the day, while about 50 percent of Nasdaq-listed shares ended lower.
About 7.62 billion shares traded on all U.S. platforms, according to BATS exchange data, above the month-to-date average of 6.87 billion. (Editing by Jan Paschal)
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