US STOCKS-Wall St ends sharply higher in broad rally

viernes 10 de julio de 2015 16:22 GYT
 

* Fed's Yellen says still concerned about U.S. 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 market close)

By Ryan Vlastelica

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

Indexes finished off their highs of the session 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 rate hike in 2015, though opinions have been split on whether it would come in September or December. Yellen gave no direct hint about whether the U.S. 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 10 of the S&P 500's primary sectors higher on the day.   Continuación...