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Stocks rise as new Federal Chairwoman Yellen brings optimism into the markets

February 11, 2014 , , , ,

U.S. Stocks Rally as Yellen Speech Fuels Bets on Economy

image nadaq sp500

 

  • 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
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