US STOCKS-Wall St extends Fed-fueled rally; Nasdaq hits new high

jueves 22 de septiembre de 2016 16:22 GYT
 

* S&P posts best two-day run in more than two months

* U.S. jobless claims drop to two-month low

* Amazon.com hits all-time high on analyst report

* Indexes up: Dow 0.54 pct, S&P 0.65 pct, Nasdaq 0.84 pct (Updates with close of U.S. markets)

By Lewis Krauskopf

Sept 22 (Reuters) - U.S. stocks climbed on Thursday, with big tech names leading broad gains, building on strength from a day earlier that was fueled by the Federal Reserve's decision to stand pat on interest rates.

The S&P 500 tallied its best two-day performance in more than two months, while the Nasdaq closed at a record high.

Fed Chair Janet Yellen said on Wednesday that U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation. But the central bank maintained the low-interest rate environment that has helped underpin the bull market for stocks.

"Lower for longer is a good thing for the equity markets..." said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "It basically says risk back on."   Continuación...