US: Wall Street opens higher on Yellen's rate comments
Published Wed, Jul 12, 2017 · 01:45 PM
[BENGALURU] Wall Street opened higher on Wednesday after Federal Reserve Chair Janet Yellen said rates hikes would be gradual and will not have to rise all that much further to reach neutral level.
The Dow Jones Industrial Average rose 106.47 points, or 0.5 per cent, to 21,515.54. The S&P 500 gained 12.81 points, or 0.52 per cent, to 2,438.34. The Nasdaq Composite added 46.80 points, or 0.76 per cent, to 6,240.11.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%
Oil jumps, equities fall as Iran blasts fan Middle East tensions