US STOCKS-Wall St advances as energy, bank stocks rally

miércoles 5 de octubre de 2016 12:53 GYT
 

* Non-manufacturing PMI rises to 57.1 vs est. 53

* Financials rise to more than three-week high

* Oil prices touch highest level since June

* Indexes up: Dow 0.69 pct, S&P 0.52 pct, Nasdaq 0.74 pct (Updates to early afternoon)

By Yashaswini Swamynathan

Oct 5 (Reuters) - Wall Street rose after two days of losses on Wednesday after strong economic data boosted financial stocks and a surge in oil prices helped the energy sector.

A report from the Institute of Supply Management showed activity in the U.S. services sector saw a big rebound in September, after having slowed to more than a six-year low in the previous month.

The data raised the prospects of a U.S. interest rate hike in the near term and comes before a carefully watched non-farm payrolls report on Friday.

Oil prices rose above $52 - a level not seen since June - after data showed a bigger-than-expected draw in U.S. crude inventories.   Continuación...