NYSEArca - NYSEArca Real Time Price. Currency in USD
217.30-0.40 (-0.18%)
At close: 4:00 PM EDT

217.18 -0.11 (-0.05%)
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    Stocks Tread Water After Yellen Remarks (SPY, DIA)

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  • Barrons.com7 hours ago

    Ms. Yellen's Wild Ride: Stocks End Week Lower as Yellen Speech, Fischer Comments Spook Market

    Stocks rose, stocks fell, and ultimately finished mixed today all thanks to Janet Yellen's speech at Jackson Hole today--and Stanley Fischer's comments after it. Barclays economist Antonio Garcia Pascual contends a rate hike could come as early as September, echoing Fed Vice Chairman Fischer's comments: The highlight of the week was Fed Chair Yellen’s speech at Jackson Hole where she highlighted the continued solid performance of the labor market, economic activity and inflation. Of course, our decisions always depend on the degree to which incoming data continues to confirm the Committee’s outlook.” Although some FOMC members still expressed concerns about inflation, FOMC speakers over the last several weeks have been consistently hawkish, most indicating that at least one rate hike seems warranted this year, also including Vice Chair Fisher.