US STOCKS-Wall St adds to gains as financial stocks rise

viernes 18 de marzo de 2016 11:28 GYT
 

* Adobe up after raising FY forecasts

* JPMorgan, Bank of America up on buyback plans

* Indexes up: Dow 0.64 pct, S&P 0.52 pct, Nasdaq 0.46 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

March 18 (Reuters) - The S&P 500 edged into positive territory for 2016 on Friday as a gain in financial stocks added to a rally spurred by the Fed's tempered view on interest rates and rising oil prices.

The Dow Jones industrial average extended gains for 2016, helped by a 2.8 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.

"Obviously, this continues to be a reaction to the Fed," said Philip Blancato, chief executive of Ladenberg Thalmann Asset Management in New York.

Blancato said the rise in oil prices and improved expectations for corporate earnings were adding to the positive momentum.   Continuación...