The New York Stock Exchange ended in disarray a volatile session Friday as investors struggling to interpret the statements of various officials of the Federal Reserve, its first President Janet Yellen, about the evolution of interest rates USA.
Wall Street alternated increases, declines and recovery efforts throughout the day. The Dow Jones finally yielded 53.01 points, or 0.29%, to 18,395.40 after evolved into a range of nearly 240 points. The S & amp; P 500, wider and main reference for investors, lost 3.43 points, or 0.16%, to 2169.04 while the Nasdaq Composite has instead gained 6.71 points, or 0, 13% to 5218.92
for the Dow and the S & amp;. P-500, it is the biggest weekly decline since the week of the British vote in favor of an output of European Union in June, with a decline of 0.85% for the former and 0.68% for the second. The Nasdaq, however, has lost 0.37% over the week.
Reflecting the nervousness of the markets, the CBOE Volatility Index, known as the “fear index” on Wall Street, touched a peak of seven weeks to limit its increase to 0.51%.
investors eagerly awaited speech of Janet Yellen at the annual symposium of central bankers in Jackson Hole, Wyoming but the president of the Fed’s hardly enlightened about its intentions and it is ultimately an intervention by Stanley Fischer, the vice chairman of the US central bank, which has the most marked.
in ruling that the case for a rate hike was strengthened in the US, Janet Yellen has maintained the blur on the calendar. “Our ability to predict how the fed funds rate will evolve through time is quite limited,” said she said, stressing that “the economy is frequently shaken by shocks and, therefore, rarely evolves in accordance forecasts “.
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