US STOCKS-Wall Street up as oil recovers; Fed in focus

martes 15 de diciembre de 2015 12:31 GYT

* Exxon, Chevron up on crude oil price rise

* 3M falls after forecast cut

* Valeant up on distribution deal with Walgreens

* Indexes up: Dow 1.17 pct, S&P 1.25 pct, Nasdaq 1.25 pct (Adds details, changes comments, updates prices)

By Abhiram Nandakumar and Yashaswini Swamynathan

Dec 15 (Reuters) - Wall Street was on track for a second day of gains on Tuesday as energy stocks rose in tandem with recovering oil prices, and a day before a widely expected interest-rate hike by the Federal Reserve in nearly a decade.

Traders see an 83 percent chance of a liftoff this week, according to the CME Group's FedWatch program, but investors are concerned about the pace of future rate hikes.

"Investors seem to be at the crossroads of optimism and concern, with sentiment today leaning toward optimism," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

Bank stocks rose on the expectation of improving interest income from higher rates, with Goldman Sachs' 2.6 percent rise providing the biggest boost to the Dow.   Continuación...