US STOCKS-Wall Street surges for second day as China fears fade
* Indexes poised for biggest 2-day gain since 2009
* 2nd-qtr GDP rose 3.7 pct vs earlier reading of 2.3 pct
* All 10 S&P sectors higher; led by energy
* Indexes up: Dow 1.54 pct, S&P 1.72 pct, Nasdaq 1.72 pct (Adds comment and other details, updates prices)
By Noel Randewich
Aug 27 (Reuters) - Wall Street rallied on Thursday as investors grew optimistic that the worst of recent market turmoil was over after strong U.S. economic data and hints that a September interest-rate hike was unlikely.
The three major indexes poised in afternoon trade for their biggest two-day gain since 2009, although they were down from earlier gains of more than 2 percent.
Data showed that the U.S. economy grew 3.7 percent in the second quarter - better than expected and much faster than the previous estimate of 2.3 percent.
The market had ended a 6-day losing streak on Wednesday after New York Fed President William Dudley said the case for a September hike was "less compelling" after recent market turmoil sparked by fears of slowing growth in China. Continuación...