US STOCKS-Wall Street ascends for a second day

miércoles 25 de mayo de 2016 15:26 GYT
 

* Oil prices edge towards $50/barrel

* Alibaba falls after SEC launches investigation

* Computer Sciences jumps after Hewlett Packard Enterprise deal

* Indexes rise: Dow 0.86 pct, S&P 0.68 pct, Nasdaq 0.58 pct (Updates to afternoon)

By Noel Randewich

May 25 (Reuters) - Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.

The energy sector led the way, up 1.4 percent as oil prices rose toward $50 a barrel following a report of a larger-than-expected drop in U.S. crude inventories, adding to expectations that a steep selloff in the commodity may be over.

The S&P financial index rose 1.08 percent and was near its highest this year. Bank of America, JPMorgan and Citigroup were up over 1.5 percent.

Comments from policymakers in recent days and upbeat U.S. economic data have raised expectations that the Federal Reserve could pull the trigger on a rate increase much sooner than previously thought.   Continuación...