US STOCKS-Wall St jumps in broad rally on Greece hopes

viernes 10 de julio de 2015 14:25 GYT
 

* Fed's Yellen says still concerned about labor market

* Euro zone ministers to meet on Saturday to decide on Greece

* Chinese premier says country's economic growth stabilizing

* Indexes up: Dow 1.2 pct, S&P 1.2 pct, Nasdaq 1.5 pct (Updates to afternoon trading)

By Ryan Vlastelica

NEW YORK, July 10 (Reuters) - U.S. stocks rose broadly on Friday, with major indexes up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming weekend meeting, which would allow it to avert bankruptcy and remain in the euro zone.

Indexes slightly trimmed their gains in afternoon trading after Federal Reserve Chair Janet Yellen said she expected the Fed to raise interest rates at some point this year, while expressing concern that the U.S. labor market remained weak.

Investors have long expected a hike this year, though opinions have been split on whether it would come in September or December. Yellen gave no direct hint about whether the central bank would raise rates more than once over the course of its four remaining meetings in 2015.

The day's gains were widespread, with all ten of the S&P 500's primary sectors higher on the day.   Continuación...