US STOCKS-Financial stocks lift Wall St after Fed statement

miércoles 28 de octubre de 2015 15:22 GYT
 

* Financials add to gains; utilities lead declines

* Apple rises after strong results

* Indexes up: Dow 0.6 pct, S&P 0.7 pct, Nasdaq 0.7 pct (Updates to late afternoon)

By Caroline Valetkevitch

Oct 28 (Reuters) - U.S. stocks rebounded in volatile afternoon trading after initially selling off following the Federal Reserve's statement that suggested a December rate hike was still on the table.

The central bank left interest rates unchanged, as was expected, and, in a direct reference to its next meeting, put a December rate hike firmly in play. It also downplayed global economic headwinds in its statement.

"It's definitely trying to keep the possibility of a hike alive. But it just keeps the door open. It doesn't necessarily signal to me strongly that they have an intention of hiking (in December)," said Aneta Markowska, chief U.S. economist at Societe Generale in New York.

The Fed has not hiked rates in about a decade.

S&P financials, which benefit from higher rates, added to gains following the statement and were last up 2 percent, on track for their best day in two weeks. The KBW Nasdaq regional bank index jumped 3.5 percent.   Continuación...