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US stocks keep rising after Yellen’s comments | Canindia News

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US stocks keep rising after Yellen’s comments

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CanIndia New Wire Service 0 comments

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New York, June 8 (IANS) US stocks extended gains on Tuesday as Wall Street cheered US Federal Reserve Chair Janet Yellen’s dovish speech.

At midday, the Dow Jones Industrial Average gained 79.65 points, or 0.44 percent, to 17,999.98, Xinhua news agency reported.

The S&P 500 rose 8.51 points, or 0. 40 percent, to 2,117.92. The Nasdaq Composite Index ticked up 4.02 points, or 0.08 percent, to 4,972.73.

Traders kept a close eye on her comments for clues on the timing of the next interest rate hike.

Yellen said on Monday that the overall labour market is quite positive, although the recent slowdown in jobs bears “close watching.”

US stocks ended higher on Monday, with energy leading, after the speech from Yellen.

–IANS

pgh/

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