US STOCKS-Wall St set to open higher as Yellen eases growth fears

viernes 25 de septiembre de 2015 08:52 GYT
 

* Yellen expects Fed to hike rates later this year

* Bank stocks rise on Yellen comments

* Q2 GDP revised upwards to 3.9 pct from 3.7 pct

* Nike jumps after quarterly profit beats estimates

* Futures up: Dow 229 pts, S&P 25 pts, Nasdaq 56 pts (Adds details, comment, updates prices)

By Tanya Agrawal

Sept 25 (Reuters) - Wall Street was set to open higher on Friday, a day after Federal Reserve Chair Janet Yellen said she expects the central bank to raise interest rates this year, easing concerns about slowing global growth.

Markets have been skittish since Thursday last week, when Yellen cited concerns about slowing growth as a key reason for holding off from a much-anticipated hike. Since then, the S&P had fallen about 3 percent through Thursday's close.

Yellen said she and other policymakers do not expect recent global economic and financial market developments to significantly affect the central bank's policy.   Continuación...