Home Business Dow bounces higher as Nasdaq, S&P drop on Yellen’s rate hike talk

Dow bounces higher as Nasdaq, S&P drop on Yellen’s rate hike talk

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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.

YELLEN SAYS RATE MAY NEED TO RISE TO HANDLE INFLATION

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34133.03 +19.80 +0.06%
CAT CATERPILLAR, INC. 233.63 +5.58 +2.45%
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. 

Ticker Security Last Change Change %
SP500

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