US STOCKS-Wall Street ends sharply higher as China jitters ebb

martes 28 de julio de 2015 16:33 GYT

* Some say December rate hike now more likely

* Focus on corporate results eclipses China worry

* Twitter and Gilead up after the bell; Yelp drops

* Indexes close up: Dow 1.09 pct, S&P 1.24 pct, Nasdaq 0.98 pct (Updates to close)

By Noel Randewich

July 28 (Reuters) - U.S. stocks ended sharply higher on Tuesday, breaking a five-day losing streak as attention shifted from trouble in Chinese equities to U.S. corporate earnings and to speculation the first Federal Reserve interest rate hike may not come until December.

The Dow Jones industrial average and S&P 500 chalked up gains of more than 1 percent, while the Nasdaq Composite lagged slightly.

After the S&P sank over the past week toward the low end of a range it has traded in since February, some investors wagered the market was primed for a technical bounce-back.

"The S&P has had five down days in a row and a lot of people are starting to nibble," said Michael Matousek, head trader at U.S. Global Investors Inc in San Antonio, which manages about $1 billion.   Continuación...