REUTERS(Reuters) - Wall Street was higher in late morning trading on Wednesday as financial and consumer stocks led a broad rally among the major sectors. Bank stock reflected a rise in treasury yields, following a Reuters report that the market had overinterpreted chief Mario Draghi's comments that the ECB was ready to start withdrawing the emergency stimulus for the economy. The sources clarified that Draghi intended to signal tolerance for a period of weaker inflation, not an imminent policy tightening. The financial index's 1.16 percent rise led the gainers, with Bank of America, JPMorgan and Citigroup all up more than 1 percent. The consumer discretionary index rose 0.9 percent, helped by a gain in Walt Disney, Comcast and Amazon. At 10:57 a.m.