Wall Street Index Climb Waiting for The Fed Announcement

Wall Street's stock closed up at the close of trade Wednesday morning (16/12)encouraged the rising crude oil price and high hopes for a rise in U.S. interest rates.

The main stock index ended higher on average, are on track to rise more than 1percent for the week, ahead of the Federal Reserve's decision Wednesday.

The energy sector and finance surged respectively more than 2 percent to lead all sectors that are positive on S&P index 500.

Shares of Goldman Sachs contributed the highest prop up indexes Dow Jones, whichwas shut down about 150 points higher after gaining more than 250 points.

While as a Dow Jones index weights are shares of 3 m, which was down 6 percent toreach about 60 points from the index. The stock fell after the company loweredrevenue prospects of 2015.

While the Nasdaq index failed to hold above the psychological level of 5000 but still ending higher, overcoming the downturn almost 1.8 per cent shares of Apple, which fell following the news suppliers Dialog Semiconductor lowers reference.

Oil prices recovered from approaching the lowest position seven years Monday, with crude oil WTI settled higher for the second day in a row, up $ 1.04, or 2.86 per cent, at 37.35 dollars per barrel. From low to high Monday positions Tuesday, WTI crude oil price rose nearly 10 percent.

The Dow index rose Transport nearly 1 percent with a rise in shares of CSX. DowTransports dropped sharply in intraday trading Monday has reached 52-week low.

In economic news, the November consumer price index (CPI) has not changed, while inflation outside of food and energy rising numbers 0.2 percent. In the 12 months to November, the core CPI rose 2.0 percent, which the analyst notes that in accordance with the results of the Fed's target for the first time since May 2001.

To be sure, the Federal Reserve says inflation gauge that is referenced is the core PCEdeflator, the personal consumption expenditures price index that excludes food and energy. The latest report shows increased from 1.3 percent year on year in October.

The Federal Open Market Committee will start a two-day meeting, and will release a statement post meetings Wednesday U.S. time.

The Central Bank is expected to raise the interest rates The Fed at a quarter of a pointWednesday, while stressing that the pace of tightening will be done gradually. Anincrease would be the first since June 2006.

The us dollar index hang around 0.6 percent higher against the major world currencies, with the euro near $ 1.092 and 121.68 Yen in yen against the greenback.

Treasury yield rises, with the 2-year yield at 0.97 percent after reaching the highest level in more than a week, and the 10-year yield near 2.27 percent after touching the highest level in a week.

European exchanges closed higher Tuesday, buoyed by positive data car registrationsin the European Union, ahead of the Fed decision. Europe's Stoxx 600 index pan ride nearly 2.9 percent.

In other u.s. economic news, Manufacturing Empire index for December showed a minus 4.6, compared with minus 10.7 Nov.

NAHB housing market index meets expectations for a slight rise with one pointdecline to 61.

Foreigners sell U.S. long-term securities in October after buying for eight consecutive months, according to data from the U.s. Treasury demonstrated Tuesday.

Baker Hughes shares closed lower and stocks of Halliburton ended down after the second highest traded stock returns after the company's announcement to extend the deadline for closing the merger.

Index Dow Jones Industrial Average closed up 156.41 points, or 0.90 percent, at 17, 524.91, with the rise in shares of Exxon Mobil, while 3 m's stock down.

The S P 500 & Index closed up 21.47 points, or 2 percent, at 1.06, 043.41, with an increase in the energy sector that led all 10 sectors higher.

The Nasdaq composite index closed up 43.13 0.87 points, or percent, at 4, 995.36.