US STOCKS-Healthcare, financial stocks drive gains on Wall St

viernes 18 de marzo de 2016 15:27 GYT

* S&P 500 on track to erase 2016 losses

* Adobe up after raising FY forecasts

* JPMorgan, Bank of America up on buyback plans

* Indexes up: Dow 0.71 pct, S&P 0.46 pct, Nasdaq 0.48 pct (Updates to late afternoon)

By Laila Kearney

NEW YORK, March 18 (Reuters) - Major U.S. stock indexes were on track for a fifth week of gains on Friday afternoon, as the U.S. Federal Reserve's dovish tone and a strengthening economic outlook compelled investors to take on more risk.

In part, the rally was a continued reaction to the Fed's move on Wednesday, in which it scaled back expectations for the number of rate hikes in the coming months.

"It was a huge gift to the market," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. "I think the market was bracing for a more hawkish view."

The S&P 500 was poised to close positive for the year for the first time in 2016. The Dow Jones industrial closed with gains for the year on Thursday.   Continuación...