US STOCKS-Wall St up as Yellen revives rate hike hopes

miércoles 10 de febrero de 2016 12:40 GYT

* Yellen sees "gradual" adjustments to monetary policy

* Tech stock up after 3 days of losses

* Disney falls as ESPN profit drops

* Futures up: Dow 0.37 pct, S&P 0.75 pct, Nasdaq 1.27 pct (Adds details)

By Abhiram Nandakumar

Feb 10 (Reuters) - U.S. stocks gained on Wednesday after Federal Reserve Chair Janet Yellen said conditions in the United States would allow for "gradual" rate hikes, and as technology stocks rebounded.

However, Yellen acknowledged that the weakness in the global economy could knock the U.S. economy off track from an otherwise solid course.

Fears of a China-led global economic slowdown, along with oil's steep slide since the Fed raised rates in December have dampened the market's expectations for a hike in coming months.

"I think if we step back and see what's going on in the markets now, it's entirely an event-driven market," said Katrina Lamb, head of investment strategy and research at MV Financial in Bethesda, Maryland.   Continuación...