US stocks close mixed on Yellen’s speech

Mubasher: US stocks saw a volatile performance on Friday, after Federal Reserve Chairwoman Janet Yellen signalled the possibility of interest rate increase before the end of 2016.

The Dow Jones industrial average went down 0.29% or 53.01 points to reach 18,395.4 points.

The broader Standard & Poor's 500 fell 0.16% to reach 2,169.04 points. However, the NASDAQ composite index grew 0.13% to reach 5,218.92 points.

Mubasher Contribution Time: 26-Aug-2016 21:04 (GMT)
Mubasher Last Update Time: 26-Aug-2016 21:05 (GMT)