US STOCKS-Wall St higher but set for worst qtr in four years

miércoles 30 de septiembre de 2015 14:55 GYT

* Sept pvt sector jobs data better than expected

* Yellen scheduled to speak later in the day

* Indexes up: Dow 0.98 pct, S&P 1.27 pct, Nasdaq 1.65 pct (Updates to late afternoon, changes byline)

By Sinead Carew

Sept 30 (Reuters) - U.S. stocks rose on Wednesday as investors picked up beaten-down stocks, but all three major indexes were on track for their worst quarter since 2011.

For most of the third quarter, global markets were rocked by fears of slowing growth in China. Adding to the uncertainty, the U.S. Federal Reserve held off on raising interest rates at its September meeting.

Investors will be keen to put the bruising quarter behind them and look ahead to the third-quarter earnings season, which begins next week.

Data on Wednesday showed the U.S. private sector added more jobs than expected in September, raising hopes for a strong reading in the government's payrolls report due Friday.

The Fed has said it needs to see more improvement in the labor market and be confident that inflation will increase before raising rates for the first time since 2006. Inflation remains below the Fed's 2 percent target.   Continuación...