Wall Street regained some ground after Yellen’s speech – Le Parisien

Wall Street regained some ground after Yellen's speech – Le Parisien

<- Hard dé e: 0.033293008804321 sec -> The NYSE hesitated in mid-session Friday after a speech by Janet Yellen without further entry on the calendar of American monetary policy: the Dow dropped 0 16% while the Nasdaq clawing 0.16%.
Around 4:05 p.m. EDT, the Dow Jones yielded 26.94 points 17,012.55 points and the Nasdaq, dominated by technology, advanced 7.15 points 4.539, 25 points.
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The broader S & amp; P 500 lost 0.17% or 3.41 points 1988.96
point. ” I do not know exactly what the 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, the Fed was in no hurry to raise interest rates, and his speech really does not have any effect “on Wall Street, said David Levy of Kenjol Capital Management. In a speech very monitored at the conference in Jackson Hole (Wyoming), the patron saint of the Fed, which usually adopts some very measured to discuss the progress of the American economy, has in fact not much departed from this attitude.
It has estimated Friday that the American job market was not “fully recovered” but warned that if progress is accelerated, rising fastest intervene.
Yellen also stated that there was “no simple recipe” to conduct monetary policy under “considerable uncertainty” about the evolution of inflation and unemployment.
“The speech is filled with ‘ 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.
So while Ms. Yellen has confirmed that the Fed would stop in October exceptional program of asset purchases, it does not bring any additional tangible items on the calendar of higher interest rates, a move feared by some Brokers
Investors are now awaiting the president’s speech to the European Central Bank, Mario Draghi at 18:30 GMT

-.. caffeine Shoot for Keurig –

The market also watched Friday some renewed tensions surrounding the Ukrainian crisis after entering the country on a Russian humanitarian convoy, described as “invasion” by Kiev and denounced by the European Union as a “clear violation” of the border.
As for values, the specialist for Keurig Green Mountain benefited greatly (+ 12.48% to 132.45 dollars) in agreement with the Kraft Foods Group (-0.12% to 57.19 dollars ) on the use of the marks of the latter in its individual coffee capsules in the United States.
Gap Group, parent chain of clothing stores Gap, Banana Republic or Old Navy, earned for his part 4 79% at $ 45.25 after after expressed slightly above expectations.
revenue and quarterly profit of specialist clothing and sports shoes Foot Locker were also well received (+3, 00% to 54.15 dollars).
‘s largest video game retailer GameStop in the world, helped by the new consoles from Microsoft and Sony, also exceeded analysts’ expectations (5.75% + 42 82 dollars).
Also in the distribution chain of stores specializing in goods and works for the home Home Depot yielded 0.33% to 90.85 dollars. She announced Thursday the imminent arrival as Director General of the current head of its stores in the United States, Craig Menear.
The bond market was evolving on a note of contrasts. The yield on 10-year Treasury progressed to 2.410% against 2.407% Thursday night, and that good in 30 years retreated to 3.168% against 3.192% yesterday.