US STOCKS-Wall St off highs as China worries persist

miércoles 26 de agosto de 2015 13:07 GYT

* All major S&P sectors up

* Fed's Dudley says Sept rate hike "less compelling"

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* Indexes up: Dow 1.15 pct, S&P 1.03 pct, Nasdaq 0.88 pct (Adds quote, updates prices)

By Tanya Agrawal and Sweta Singh

Aug 26 (Reuters) - U.S. stocks lost much of their early gains in afternoon trading on Wednesday as ongoing worries about China's economy outweighed the apparently receding chance of a U.S. rate hike in September.

In the clearest indication yet that market ructions could affect U.S. monetary policy, New York Fed President William Dudley said the prospect of a September rate hike seemed "less compelling" than it was only weeks ago.

Dudley said he would want to see more U.S. economic data, and also how markets behave in coming weeks, before making a final judgment on when monetary policy should be tightened.   Continuación...