US stocks rally ahead of Yellen’s speech

US stocks rally ahead of Yellen’s speech

New York, June 7 (IANS) US stocks traded higher in the morning session on Monday as investors awaited US Federal Reserve Chair Janet Yellen’s speech scheduled for midday after a weak jobs report.

By noon, the Dow Jones Industrial Average gained 111.39 points, or 0.63 percent, to 17,918.45, Xinhua news agency reported.

The S&P 500 rose 9.94 points, or 0.47 percent, to 2,109.07. The Nasdaq Composite Index was up 21.14 points, or 0.43 percent, to 4,963.66.

Traders will keep a close eye on her comments for clues on the timing of the next interest rate hike.

US stocks pared part of early losses to end modestly lower on Friday, as the country’s nonfarm payrolls data came out much worse than expected.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here