US STOCKS-Energy stocks lift Wall St on eve of Fed rate decision

miércoles 16 de septiembre de 2015 16:27 GYT
 

* August consumer price index falls unexpectedly

* Fed begins two-day meeting, statement due Thursday afternoon

* Energy sector rises 2.8 pct after crude jumps 5.7 percent

* Indexes up: Dow 0.84 pct, S&P 0.87 pct, Nasdaq 0.59 pct (Updates to close, adds commentary)

By Sinead Carew

Sept 16 (Reuters) - Energy stocks pushed Wall Street higher on Wednesday due to an almost 6-percent jump in oil prices, but many investors stayed on the sidelines a day ahead of the U.S. Federal Reserve's decision on interest rates.

The energy index led a broad rally for the S&P 500 benchmark index with a 2.8 percent increase as crude oil prices settled up 5.7 percent after an unexpected drawdown in U.S. stockpiles.

"Energy was what gave it the initial spark and the fact the energy rally kept rolling gave people reassurance they could step into other sectors as well," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

Trading was relatively thin with only 6.6 billion shares changing hands on U.S. exchanges on Wednesday, below the 8.03 billion daily average for the previous 20 trading days, according to Thomson Reuters data.   Continuación...