- All three benchmark indexes surged as new U.S Federal Chairwoman Yellen said she thinks that the U.S. economy is strong enough to stand without the $65 Billion stimulus, which brought comfort and confidence to investors. But the stimulus program will soon slowly start trimming down.
- Yellen also mentioned that she will not stop the stimulus program all at once, but will gradually slow it down.
- Today all sectors increased with energy and health care shares leading the gains among all 10 sectors.
- The S&P 500 ended 1.11% higher to 1,819.75. The Dow Jones Industrial Average was up 1.22% to 15,994.77 while the Nasdaq added 1.03% to 4,191.04
Categories: Equity Capital Markets