us stocks end mixed amid yellen speech
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

US stocks end mixed amid Yellen speech

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleUS stocks end mixed amid Yellen speech

U.S. stocks
New York - ArabToday

- U.S. stocks closed mixed Wednesday, as investors digested remarks from Federal Reserve Chair Janet Yellen, amid a batch of economic data.

The Dow Jones Industrial Average fell 22.05 points, or 0.11 percent, to 19,804.72. The S&P 500 edged up 4.00 points, or 0.18 percent, to 2,271.89. The Nasdaq Composite Index increased 16.93 points, or 0.31 percent, to 5,555.65.

In prepared remarks, Yellen said Wednesday afternoon that the U.S. economy is closing in on the central bank's goals, giving it impetus to start reducing the extreme levels of support it has provided over the past decade, according to the CNBC.

"Right now our foot is still pressing on the gas pedal, though, as I noted, we have eased back a bit," Yellen said.

The Fed's Beige Book, released ahead of Yellen's speech, was also in focus.

According to the Beige Book, reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest pace across most regions from late November through the end of the year.

On the economic front, the Consumer Price Index (CPI) for all urban consumers increased 0.3 percent in December on a seasonally adjusted basis, in line with market consensus, the U.S. Labor Department reported Wednesday.

"As the price of food, energy, and commodities have gyrated over the past several years, service costs have steadily gained. Given the current price of gasoline, the headline reading should top out for the year at 2.5% next month, barring another significant jump in energy prices in 2017," said Jay Morelock, an economist at FTN Financial.

Meanwhile, U.S. industrial production rose 0.8 percent in December after falling 0.7 percent in November, the Fed said Wednesday.

U.S. builder confidence in the market for newly-built single-family homes remained on firm ground in January, down two points to a level of 67 from a downwardly revised December reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index.

source: Xinhua

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks end mixed amid yellen speech us stocks end mixed amid yellen speech

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 06:29 2018 Sunday ,21 January

500 new trainees join US-backed Syria border force

GMT 10:31 2017 Sunday ,20 August

the history of solar eclipses

GMT 16:36 2017 Tuesday ,05 December

Gulf Air launches Bahrain Tourist Visa Service

GMT 03:19 2012 Saturday ,15 September

FREEDOM

GMT 06:56 2014 Friday ,12 September

No winners in Gaza

GMT 22:30 2012 Monday ,16 July

Sudan ruling party says protests \'ridiculous\'

GMT 07:09 2012 Wednesday ,20 June

Sudan and South Sudan border tensions

GMT 12:02 2012 Tuesday ,17 April

What the Living Do

GMT 17:33 2017 Saturday ,25 March

Caceres recalled to Paraguay squad for Brazil clash

GMT 17:18 2017 Tuesday ,19 December

Bahrain weather forecast

GMT 09:35 2017 Sunday ,29 October

Actress Annabella Sciorra accuses Weinstein of rape

GMT 13:43 2017 Thursday ,16 November

People Magazine names Blake Shelton 'sexiest man alive'

GMT 18:10 2017 Monday ,17 April

GCC Secretary-General Condemns Syria Blast
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle