US STOCKS-Wall St adds to Fed-driven rally as financials gain

viernes 18 de marzo de 2016 09:55 GYT

* Adobe up after raising FY forecasts

* JPMorgan, Bank of America up on buyback plans

* Indexes up: Dow 0.39 pct, S&P 0.29 pct, Nasdaq 0.21 pct (Updates to open)

By Abhiram Nandakumar

March 18 (Reuters) - Wall Street rose on Friday, pushing the S&P 500 into positive territory for 2016, as the Fed's tempered view on interest rates, a weakened dollar and rising oil prices whetted investors' risk appetite.

The Dow Jones industrial average extended gains for 2016, helped by a 2 percent increase in Goldman Sachs.

Volumes were slightly higher than usual on account of "quadruple witching," the expiry of options on stocks and indexes as well as futures on indexes and stocks.

Crude oil rebounded to fresh 2016 highs on strong seasonal demand and hopes that major oil producers would reach a deal to freeze output.

"There's been some nervousness taken out of the market by the Fed making their comments," said Gary Bradshaw, a portfolio manager with Hodges Funds in Dallas.   Continuación...