US STOCKS-Wall St slips in wake of comments by top Fed officials

viernes 26 de agosto de 2016 16:30 GYT

* Fed's Fischer hints at more than one U.S. rate hike this year

* Fed Chair Yellen gives no indication of rate hike's timing

* Herbalife drops on report of Icahn's planned stake sale

* Indexes: Dow off 0.29 pct, S&P off 0.16 pct, Nasdaq up 0.13 pct (Updates to close)

By Chuck Mikolajczak

NEW YORK, Aug 26 (Reuters) - U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials.

The S&P 500 rose after Fed Chair Janet Yellen said the case for raising rates had strengthened but did not indicate when the Fed would act.

Yellen told a gathering of central bankers from around the world in Jackson Hole, Wyoming, the U.S. economy was nearing the central bank's goals of maximum employment and price stability but that future hikes should be "gradual".

Stocks later traded lower after hawkish comments from Fed Vice Chair Stanley Fischer raised the possibility of a rate hike as soon as next month.   Continuación...