US STOCKS-Wall St up as weak GDP spurs hope of slower rate hikes

viernes 29 de enero de 2016 12:37 GYT

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* Indexes up: Dow 1.34 pct, S&P 1.18 pct, Nasdaq 1.13 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

Jan 29 (Reuters) - Wall Street was higher on Friday after weak GDP data raised expectations that the U.S. Federal Reserve would go slow on future interest rate hikes.

The market was also supported by the Bank of Japan's surprise move to lower a key interest rate below zero.

Intervention by central banks has become key to supporting turbulent markets, roiled by slowing global economic growth.

While the Fed has not ruled out another rate hike in March, the current turmoil and weak data could force it to wait until June.   Continuación...