US STOCKS-Gains in financial, energy stocks lift Wall St

miércoles 25 de mayo de 2016 13:18 GYT

* Oil prices edge towards $50/barrel

* Alibaba falls after SEC launches investigation

* Computer Sciences jumps after Hewlett Packard Enterprise deal

* Indexes rise: Dow 0.92 pct, S&P 0.81 pct, Nasdaq 0.86 pct (Updates to early afternoon)

By Tanya Agrawal

May 25 (Reuters) - Wall Street was higher in afternoon trading on Wednesday, extending gains from Tuesday as oil prices rose and investors became more comfortable with the prospect of an interest rate hike as early as next month.

The S&P financial index was up 0.95 percent, after hitting its highest this year in morning trading. Bank of America, JPMorgan and Citigroup were up between 1.5 and 2 percent.

Comments from policymakers in recent days and upbeat U.S. economic data have raised expectations that the Federal Reserve could pull the trigger on a rate increase much sooner than previously thought.

Traders are now pricing in a 38 percent chance for a rate hike in June and 45 percent in July, according to CME Group's FedWatch tool.   Continuación...