class="abc_business-template-default single single-abc_business postid-262131 group-blog masthead-fixed full-width singular wpb-js-composer js-comp-ver-5.2.1 vc_responsive"
Wall Street closes flat after Yellen’s comments | KRVN Radio

Wall Street closes flat after Yellen’s comments

iStock/Thinkstock
iStock/Thinkstock

(NEW YORK) — Wall Street closed little changed on Tuesday after new comments on interest rates from Federal Reserve Chairwoman Janet Yellen.

The Dow Jones Industrial Average dipped 11.77 (-0.05 percent) to close at 22,284.32.

The Nasdaq gained 9.57 (+0.15 percent) to finish at 6,380.16, while the S&P 500 closed at  2,496.84, 0.18 points (+0.01percent) higher than its open.

U.S. crude oil prices fell about 0.56 percent at about $52 per barrel.

Janet Yellen:  Federal Reserve Chairwoman Janet Yellen reiterated the case for another rate increase this year in remarks in Cleveland on Tuesday.  She said the gradual rates should continue despite sluggish inflation, and the Fed’s misjudgment on inflation predictions. Analysts anticipate the next rate hike in December.

Winners and Losers:  After Equifax announced its CEO Richard Smith would retire amidst the credit reporting agency’s hacking scandal, its stock finished 0.91 percent higher at the close.

Darden Restaurants, Inc., the parent of Olive Garden and LongHorn Steakhouse, missed investors’ expectations in same-store sales in the fiscal first-quarter and shares sunk 6.53 percent.

Copyright © 2017, ABC Radio. All rights reserved.

© 2017 Nebraska Rural Radio Association. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information
Share:
Comments