Business Standard

Tuesday, January 07, 2025 | 07:48 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

S&P 500 closes at seven-month high after Yellen comments

Image

Reuters NEW YORK

NEW YORK (Reuters) - The S&P 500 closed at a 7-month high on Monday as Federal Reserve Chair Janet Yellen painted a mostly upbeat picture of the economy but gave little sense of when a rate hike may be coming.

The Dow Jones industrial average <.DJI> rose 112.93 points, or 0.63 percent, to 17,919.99, the S&P 500 <.SPX> gained 10.25 points, or 0.49 percent, to 2,109.38 and the Nasdaq Composite <.IXIC> added 26.20 points, or 0.53 percent, to 4,968.71.

(Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 07 2016 | 1:37 AM IST

Explore News