US STOCKS-Wall St rises as chances of 2015 rate hike fade

viernes 9 de octubre de 2015 09:55 GYT
 

* Minutes show Fed in no rush to raise rates

* Materials stocks gain as metal prices rise

* Tesla shares down after Barclays downgrade

* Indexes up: Dow up 0.25 pct, S&P 0.25 pct, Nasdaq 0.29 pct (Updates to open)

By Abhiram Nandakumar

Oct 9 (Reuters) - Wall Street opened slightly higher on Friday, keeping the S&P 500 on track for its best week this year, as investors bet the Federal Reserve would not move interest rates off near-zero levels this year.

The minutes of the Fed's September meeting, released on Thursday, indicated further signs of dovishness, with policymakers concerned about a global economic slowdown weighing on America, even before weak September jobs data.

"It was more a case of an abundance of caution rather than worry," said Brad McMillan, chief investment officer for Commonwealth Financial Network.

"They are actually pretty comfortable with the U.S. economy. They don't see anything to worry about, which is a remarkable thing to say," McMillan said.   Continuación...