US STOCKS-Wall St adds to gains after Fed releases October minutes

miércoles 18 de noviembre de 2015 15:41 GYT

* Fed officials again flag December as likely time for rate hike

* Apple up on Goldman add to "conviction buy" list

* Qualcomm, Target drag on S&P

* Indexes up: Dow 1 pct, S&P 1.1 pct, Nasdaq 1.2 pct (Updates to late afternoon, adds commentary, changes byline)

By Sinead Carew

Nov 18 (Reuters) - The S&P 500 hit a session high on Wednesday after minutes from the Federal Reserve October meeting showed a solid core of officials rallied behind a possible December rate hike.

Central bankers at the October policy meeting also debated evidence the U.S. economy's long-term potential may have permanently shifted lower.

"I think the market is ready and comfortable for an increasing Fed funds rate," said Alan Rechtschaffen, portfolio manager at UBS Wealth Management Americas in New York. "We just have to turn this aircraft carrier around, get out of this zombie-like economy which is being fed on an elixir of low interest rates and get to a process of normalization."

The Dow Jones industrial average rose 175.24 points, or 1 percent, to 17,664.74, the S&P 500 gained 22.28 points, or 1.09 percent, to 2,072.72 and the Nasdaq Composite added 62.01 points, or 1.24 percent, to 5,048.02.   Continuación...