US STOCKS-Energy, financials lead Wall St gains before Yellen speech

lunes 6 de junio de 2016 11:33 GYT

* Fed Chair Janet Yellen to speak at 12:30 p.m. ET

* Financials rebound from Friday drop after jobs report

* Oil hits 6-month high; Exxon, Chevron up 1 pct

* Indexes up: Dow 0.59 pct, S&P 0.47 pct, Nasdaq 0.42 pct (Adds details, comment, updates prices)

By Yashaswini Swamynathan

June 6 (Reuters) - Wall Street was higher on Monday morning, led by a rally in energy stocks and a rebound in financial shares following a pounding on Friday after a dismal jobs report all but ruled out chances of an interest rate hike in June.

The Nasdaq was on course for its highest one-day percentage gain since May 27. The Dow and S&P 500 were on course for their best day since May 25, which was also the last time the Dow ended up more than triple digits in terms of points.

Federal Reserve Chair Janet Yellen will likely keep the door open to an interest rate hike within the next few months when she speaks at 12:30 p.m. ET (1630 GMT), while striking a balanced tone about the disappointing jobs growth and mixed signals in the economy.

"We are likely to get a dovish speech by Yellen," said Mohannad Aama, Managing Director, Beam Capital Management LLC in New York.   Continuación...