US STOCKS-Wall Street rises; sees bright side of higher rates

viernes 27 de mayo de 2016 15:09 GYT
 

* Yellen eyes rate hike "in the coming months"

* GameStop drops after forecast falls short of expectations

* Indexes up: Dow 0.08 pct, S&P 0.22 pct, Nasdaq 0.46 pct (Updates to early afternoon)

By Noel Randewich

May 27 (Reuters) - Wall Street rose on Friday and was headed for its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate "in the coming months."

Yellen's is the most important voice in a chorus of policymakers recently suggesting that the U.S. economy has improved enough to warrant tighter borrowing costs, with a growing number of investors now expecting a hike in June or July.

While higher interest rates choke liquidity in stock markets, many investors see a potential rate hike as a vote of confidence that the struggling U.S. economy is finding its legs.

"As we look at our place in the global economy, things just seem to be improving to a point where it certainly looks likely that June or July will be the next launching point," said Paul Springmeyer, portfolio manager at the Private Client Reserve of U.S. Bank.

"With the increased strength, we should get up off of those historically low levels where we are."   Continuación...