US STOCKS-Wall St rallies over 1 pct ahead of Fed decision

martes 15 de septiembre de 2015 15:23 GYT
 

* August retail sales rise

* Fed to meet on Wednesday and Thursday

* All 10 S&P sectors higher; industrials leads

* Fiat Chrysler up as talks with union continue

* Indexes up: Dow 1.57 pct, S&P 1.44 pct, Nasdaq 1.26 pct (Updates with late afternoon trading)

By Noel Randewich

Sept 15 (Reuters) - U.S. stocks rallied more than 1 percent on Tuesday after data showed healthy growth in consumer spending but did little to remove uncertainty about whether the Federal Reserve will end seven years of near-zero interest rates when it meets this week.

Speculation about when the Fed will begin to raise rates has dogged Wall Street for several months, with the picture complicated by recent market turbulence that some see as justification for the central bank to hold off.

"The debate around the Fed continues but the Fed will do more damage waiting for December to raise rather than start the normalization process," said Art Hogan, chief market strategist at Wunderlich Securities.   Continuación...