US STOCKS-Wall St logs biggest two-day gain since financial crisis

jueves 27 de agosto de 2015 16:50 GYT
 

* Dow Jones logs biggest 2-day gain since 2008

* 2nd-qtr GDP rose 3.7 pct vs earlier reading of 2.3 pct

* All 10 S&P sectors higher, led by energy

* Indexes end up: Dow 2.27 pct, S&P 2.43 pct, Nasdaq 2.45 pct (Adds comment and other details, closing prices)

By Noel Randewich

Aug 27 (Reuters) - Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over.

The Dow Jones industrial average scored its biggest two-day percentage gain since 2008, while the S&P 500 and Nasdaq Composite racked up their biggest two-day increases since 2009.

"The worst is probably behind us but it's going to take a while before we get back to normal and we might still see some downward risk," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

With Thursday's gains, the S&P has recovered about half of the 11-percent meltdown it suffered over a six-day losing streak caused by fears of slowing growth in China.   Continuación...