US STOCKS-Wall St rises as hawkish Fed boosts financial stocks

lunes 29 de agosto de 2016 09:57 GYT

* Consumer spending rises for fourth straight month in July

* Microsoft rises 0.8 pct after UBS raises price target

* Herbalife rises after Icahn quashes reports of stake sale

* Indexes up: Dow 0.41 pct, S&P 0.37 pct, Nasdaq 0.22 pct (Updates to open)

By Yashaswini Swamynathan

Aug 29 (Reuters) - Wall Street rose on Monday morning, helped by financial stocks that gained a day after Federal Reserve Chair Janet Yellen said the case for an interest rate hike had strengthened.

Yellen, addressing a gathering of global central bankers on Friday, said the central bank was close to meeting its goals of maximum employment and stable prices, while describing consumer spending as "solid".

Yellen gave little indication of when the Fed would move but

Vice Chairman Stanley Fischer suggested that a move as soon as next month could be possible.   Continuación...