Wall Street down a little, wait on the eve of Yellen speech – Boursorama

Wall Street ended slightly lower Thursday after a somewhat lively session and wait until the speech of the president of the Federal Reserve (Fed), Janet Yellen, Friday: the Dow Jones lost 0.18% and Nasdaq 0.11%.

According to final results, the index Featured Dow Jones Industrial Average lost 33.07 points 18,448.41 points and the Nasdaq, dominated by technology, 5.49 point to 5212.20 points. The broader S & amp; P 500 conceded 2.97 points or 0.14%, to 2172.47 point

“Markets are waiting to see what to say Yellen, if. is able or not to give us clarification on Fed policy, “said Peter Cardillo Chief economist of First Standard Financial.

” It does not happen much, “added Michael James of Wedbush Securities. Investors are eager for clues on rates that reporting timetable could slip on Friday Fed President Janet Yellen, in his speech at the symposium of central bankers in Jackson Hole, Wyoming.

Since the first increase in nine years late 2015, the US central bank declined to raise policy rates again.

the speech of the President of the Fed Friday is the heart of all market concerns for over a week, and “caution,” added analysts at Charles Schwab in a note.

the speculations were re-launched on Thursday by the statements of several other members of the monetary Committee of the Fed.

Esther George was again expressed for a gradual rise in interest rates and Robert Kaplan stated that there was “more and more arguments “in favor of a rate hike, but did not specify in what time frame.

These words do not necessarily prefigure the tone of the speech President Friday and did not seem to weigh on prices, as investors “throughout swept these statements,” a nuanced Patrick O ‘Hare Briefing in a note.

in a context wait, the market apparently did not consider the publication of reassuring statistics on the consumption of durable goods in the US, up, and an unexpected drop in weekly jobless claims last week.

the bond market retreated, the yield on 10-year Treasury progressing to 1.577% against 1.563% Wednesday night, and that good in 30 years to 2.267% against 2.250% previously

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