wallstreet-111814_26Aug16-lg.jpg After initially moving higher in reaction to a highly anticipated speech by Federal Reserve Chair Janet Yellen, stocks have given back some ground in recent trading on Friday. The major averages have pulled back well off their highs for the session.

Following a highly anticipated speech by Federal Reserve Chair Janet Yellen, stocks have moved mostly higher in morning trading on Friday. The major averages have all moved to the upside after closing lower in the two previous sessions.


With traders waiting on a speech by Federal Reserve Chair Janet Yellen, stocks may initially show a lack of direction on Friday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 2 points.


Wall Street stocks look set to open little changed as traders wait on Fed Chair Janet Yellen to signal regarding the time frame for additional monetary policy tightening. After Asian stocks closed mixed, the European markets are also seeing lackluster sentiment. The dollar is weaker ahead of the speech...


Stocks Sag As Fed Officials Signal Rate Hike -- US Commentary

Stocks fell Friday after a number of Federal Reserve officials said it is almost time to raise interest rates. Federal Reserve chair Janet Yellen was among the speakers at Jackson Hole advocating gradual tightening. The Federal Open Market Committee "continues to anticipate that gradual increases...

Sensex, Nifty End Modestly Lower Ahead Of Yellen Speech

Indian shares erased early gains to end modestly lower on Friday, as traders largely took a wait-and-see approach ahead of Federal Reserve Chair Janet Yellen's Jackson Hole speech later in the day. With several Federal Reserve officials arguing the case for another interest-rate increase and the recent...

Sensex, Nifty Seen Up As RBI Opens Up Bond Market

Indian shares may open flat to slightly higher on Friday as markets enter the September series of derivative contracts. Underlying sentiment may remain somewhat supported after the Reserve Bank of India (RBI) announced a raft of measures to boost investor participation and market liquidity in both the...

Dollar Surges After Yellen Turns Hawkish

The dollar dropped initially after Federal Reserve Chair Janet Yellen made some hawkish comments during her speech late this morning, but quickly reversed and has turned sharply higher. Yellen stated that the case for another interest-rate hike has strengthened recently. Her comments propelled the U.S....

Yellen's Speech Propelled The Swiss Market Into Positive Territory

The Swiss stock market ended Friday's session with moderate gains. The market got off to a weak start and was mired in a sideways trend for much of the session. However, the market broke out into positive territory after Federal Reserve Chair Janet Yellen's highly anticipated speech. Yellen stated...

Canadian Stocks Barely Budge As US Preps Rate Hike -- Canadian Commentary

Canadian stocks were flat for second day Friday amid growing speculation the Federal Reserve will raise interest rates in the next few months. The S&P/TSX Composite Index was up 9.16 points, or 0.06 percent, to 14,639. Financials were flat despite this week's strong bank earnings. Energy shares...

Gold Flat After Yellen Hawkish Remarks

Gold futures nudged higher Friday, trimming this week's losses. Dec. gold gained $1.30, or 0.1%, for the session to finish at $1,325.90/oz. Gold was down 1.5% for the week. Traders reacted to a speech from Federal Reserve chair Janet Yellen indicating a willingness to hike interest rates. The...

Treasuries Close Moderately Higher After Seven-Year Note Auction

Treasuries fluctuated over the course of the trading day on Thursday before eventually ending the session moderately lower. Bond prices moved to the downside in afternoon trading after showing a lack of direction earlier in the day.

Sentiment Fluid Amid In Line GDP Data as Yellen Comes Calling

The major U.S. index futures are pointing to a slightly lower opening on Friday, with sentiment reflecting apprehensions of traders, as Fed Chair Janet Yellen is set to speak at Jackson Hole a short while from now. The dollar is losing some ground despite hopes among some quarters that the Chair will...
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08/26/16 13:0Baker Hughes - Rig CountAUG 26 United States
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