U.S. stocks, in a choppy session, got whipsawed after U.S. Treasury Secretary Janet Yellen signaled interest rates may need to rise to manage the economic rebound and prevent the economy from overheating. Additionally, investors digested a fresh batch of corporate earnings amid more talk of inflation.
|I:DJI||DOW JONES AVERAGES||34133.03||+19.80||+0.06%|
|JNJ||JOHNSON & JOHNSON||167.81||+2.52||+1.52%|
In a late-session turnaround, the Dow Jones Industrial Average posted a gain of 20 points or 0.06%, curbing a drop of over 300 points earlier. The S&P also slipped 0.67% led by information tech companies.