US STOCKS-Wall St ends higher in choppy post-Fed trading

miércoles 17 de junio de 2015 16:30 GYT

* Fed says economy strong enough to handle rate hike

* Oracle slides after the bell on revenue miss

* FedEx down after results

* Indexes up: Dow 0.17 pct, S&P 0.2 pct, Nasdaq 0.18 pct (Updates to close)

By Rodrigo Campos

June 17 (Reuters) - U.S. stocks ended slightly higher following a choppy session Wednesday after the Federal Reserve said the U.S. economy is likely strong enough to withstand an interest rate hike later this year.

Even if a majority of Fed officials continue to see higher rates by the end of 2015, they expect rates to rise slightly less by the end of 2016 and 2017 than they did in their March forecasts.

That view on rates saw high-yielding stocks gain, with the S&P 500 utilities sector up 0.9 percent after hitting on Tuesday its lowest since late September.

Stocks with higher dividend yields attract investors when there is an expectation that Treasury yields will fall, or in this case, remain relatively low.   Continuación...