US STOCKS-Wall St modestly higher in rebound from selloff

miércoles 11 de marzo de 2015 10:05 GYT

* S&P 500 coming off biggest one-day drop in two months

* SanDisk rallies after Goldman adds to Conviction Buy list

* Express shares rally after results

* Dow, S&P 500, Nasdaq all rise 0.2 pct (Updates to market open)

By Ryan Vlastelica

NEW YORK, March 11 (Reuters) - U.S. stocks rose modestly on Wednesday in a partial rebound from the previous session's sharp decline, though investors continued to focus on when the Federal Reserve would adjust its rate policies.

Wall Street fell sharply on Tuesday, with the S&P 500 suffering its biggest one-day decline in two months, surpassing a selloff of similar magnitude on Friday. The weakness came on the increasing view the Fed may raise interest rates as soon as June.

Those worries pushed the U.S. dollar to a nearly 12-year peak against the euro on Tuesday and added to concerns the dollar will continue to weigh on U.S. multinationals' earnings.

The U.S. dollar index stayed strong Wednesday, up 0.7 percent. It has risen in five of the past six sessions, up more than 4 percent over that period. The euro fell 1 percent to a 12-year low.   Continuación...