US STOCKS-Wall Street closes higher as crude steadies

lunes 14 de diciembre de 2015 18:10 GYT

* Crude prices rise after flirting with 11-year lows

* DuPont, Dow Chemical fall; materials only losing sector

* Dow up 0.6 pct, S&P up 0.48 pct, Nasdaq up 0.38 pct (Updates to closing, adds details)

By Marcus E. Howard

Dec 14 (Reuters) - U.S. stocks recovered from early losses on Monday to close higher, helped by firmer oil prices, as investors awaited an expected Federal Reserve interest rate hike later in the week.

The S&P 500 benchmark index rallied in the afternoon after falling earlier in the session in a volatile trading day. Concerns about high-yield bonds, oil price swings and the Fed made for a skittish market, said Peter Costa, president of Empire Executions Inc.

"It's a lot of uncertainty," he said.

While investors widely expect the Fed to announce its first rate hike in nearly a decade on Wednesday, they are also waiting for commentary from policymakers about what will happen next.

Traders see an 83-percent chance that the Fed will lift rates by 25 basis points, according to the CME Group's FedWatch program.   Continuación...