US STOCKS-Wall St opens higher as tech, financial stocks rise

viernes 20 de mayo de 2016 10:10 GYT
 

* Yahoo falls after reports of a Verizon bid

* Applied Materials soars on strong forecast

* Indexes higher: Dow 0.41 pct, S&P 0.49 pct, Nasdaq 0.76 pct (Updates to open)

By Yashaswini Swamynathan

May 20 (Reuters) - Wall Street opened higher on Friday, boosted by technology and financial stocks.

Semiconductor stocks were trading higher after Applied Materials, seen as an industry bellwether, forecast a higher-than-expected third-quarter profit on the back of strong demand for chips. The company's stock rose 12.8 percent.

The S&P financial sector index rose 1.02 percent as a flurry of comments from the U.S. Federal Reserve officials, suggested a possibility of an interest rate hike as early as June.

New York Fed President William Dudley said on Thursday the U.S. economy was strong enough to warrant a rate hike in June or July.

"We got rattled earlier this week by shifting Fed perception," said Scott Brown, Chief Economist at Raymond James in St. Petersburg, Florida. "Now we're back to looking at two rates increases this year, maybe even three."   Continuación...