US STOCKS-Wall St rises; Yellen says expects Fed to raise rates this year

viernes 10 de julio de 2015 13:00 GYT

* Yellen says still concerned about labor market

* Euro zone ministers to meet on Saturday to decide on Greece

* Chinese premier says country's economic growth stabilizing

* Indexes up: Dow 1.20 pct, S&P 1.22 pct, Nasdaq 1.40 pct (Updates to early afternoon)

By Tanya Agrawal

July 10 (Reuters) - U.S. stocks were higher but off their peaks on Friday after Federal Reserve Chair Janet Yellen said she expected the Fed to raise interest rates at some point this year, while expressing concern that the U.S. labor market remained weak.

Yellen gave no direct hint about whether the central bank would raise rates more than once over the course of its four remaining meetings in 2015.

The Fed has kept interest rates at near zero since the 2008 financial crisis.

Global markets rose earlier on hopes that Greece will be able secure fresh funding to avert bankruptcy and allow it to remain in the euro zone.   Continuación...