US STOCKS-Wall St ends up; financials gain with bond yields

miércoles 3 de junio de 2015 16:33 GYT

* Greece's lenders signal willingness to compromise

* U.S. bond yields boost financials, weigh on utilities

* C.H. Robinson rally lifts transport stocks

* Indexes up: Dow 0.4 pct, S&P 0.2 pct, Nasdaq 0.5 pct (Updates to close)

By Caroline Valetkevitch

June 3 (Reuters) - U.S. stocks rose on Wednesday, helped by optimism that Greece was close to an agreement to avoid default and as further gains in bond yields lifted financials.

The S&P financial index climbed 0.7 percent and was among the day's top sector performers as U.S. benchmark Treasury debt yields jumped to seven-month highs, extending recent gains.

Adding to the day's upbeat tone, Greece's international creditors signaled they were ready to compromise to avert a default even as Athens indicated it might skip an IMF loan repayment due this week.

"Yields going higher is a net positive for all of the financials. Higher yields on fixed income translate into higher rates and that increases the net interest margin for financials," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.   Continuación...