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

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

Categories: Equity Capital Markets

Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: