Dow Jones Industrial Average (^DJI)
DJI - DJI Delayed Price. Currency in USD
|Day's Range||18,408.52 - 18,514.29|
|52wk Range||15,450.56 - 18,722.61|
|Avg Vol (3m)||91,289,218|
- Editor's PickYahoo Finance•2 hours ago
Fed Chair Janet Yellen did tell us that the economy was strengthening. Most economists still put that at a 33% chance after Yellen spoke on Friday. Consumer spending rose 0.3% but was down from the previous month of a 0.5% rise.
- Editor's PickSam Ro•7 hours ago
“The current streak of market stability represents the longest period without a 1%+/- daily move since the summer of 2014,” Goldman Sachs’ David Kostin said of the trend on Friday. While this may be a welcome calm for investors, some Wall Street experts argue that the low volatility is unexpected and unwarranted in light of the global uncertainty we read about in the news everyday. In addition to the volatile global political environment, the impending tightening of monetary policy by the Federal Open Market Committee (FOMC) poses a very direct risk to the financial markets.
- Editor's PickLawrence Lewitinn•yesterday
Fed Chair Janet Yellen and Vice Chairman Stanley Fischer used the Federal Reserve’s conference in Jackson Hole, Wyo., to prepare the world for at least one interest rate hike by year’s end. “They feel the data is strong enough that they are on their way for the next rate hike,” said Ben Emons, chief economist and head of credit portfolio management at Intellectus Partners. The world is a bit different now than in December 2015 when the Fed last raised rates, Emons postulated.