Wall Street hesitates after a speech unsurprisingly Fed – Le Parisien

Wall Street hesitates after a speech unsurprisingly Fed – Le Parisien

<- Hard dé e: 0.018545866012573 sec -> Wall Street ended on a note Friday after a mixed unsurprisingly Janet Yellen, president of the Federal Reserve speech, a supervisor in the Ukraine market: the Dow Jones yielded 0.22% while the Nasdaq clawing 0.14%. According to final results, the Dow Jones was down 38.27 points 17,001.22 points and the Nasdaq, dominated by technology, won 6 , 45 points to 4
                  <- hard dé e: 0.0002129077911377 sec ->. 538.55 Points
The broader S & amp; P 500, which had climbed to a new high Thursday, lost 0, 20% or 3.96 points 1988.41 points.
Brokers of New York Stock Exchange, who had prepared all week to dissect the involvement of Janet Yellen symposium in Jackson Hole (Wyoming) , have been for their expenses.
His speech “offered nothing new” and turned “into a non-event,” said Scott Wren of Wells Fargo Advisors.
“I do not know exactly what market really wanted Janet Yellen, they were probably curious about what she would say. But it has only more or less repeat what has already been said, that the Fed was in no hurry to raise interest rates, “added David Levy of Kenjol Capital Management.
Do not exclude an increase in interest rates sooner than expected if employment increased more, Ms. Yellen has estimated that the area was not “fully recovered” from the crisis.
“His response was” full of ifs, buts, of “could” and “should” reflecting great uncertainty about the extent of weakness in the labor market, “said Ian Shepherdson Pantheon Macroeconomics. “But generally speaking, the tone is balanced and suggests that there will be no significant change to the next meeting” of the Monetary Policy Committee of the Fed in September, he added.
The president of the European Central Bank (ECB) Mario Draghi said Friday was “confident” about the effectiveness of the measures announced in early June by the institution to boost the economy at half the eurozone, n ‘ not bring much more light.
The market also watched Friday some renewed tensions in Ukraine after the entry of a Russian convoy, described as “invasion” by Kiev and denounced by EU as a “clear violation” of the border.
The Security Council of the United Nations Union was to meet Friday to discuss the situation and the United States demanded that Russia withdraw “immediately” trucks.
The bond market closed up. Sign of increased demand, the yield on 10-year Treasury fell to 2.403% against 2.407% Thursday night, and that good for 30 years at 3.157% against 3.192% yesterday.