U.S. stocks were little changed, after the Standard & Poor’s 500 Index rose the most this year yesterday, as investors assessed the Ukraine crisis and weaker- than-estimated data on payrolls and services.
Emerging-market stocks rose a second day as the European Union promised emergency aid to Ukraine while U.S. and Russian diplomats held talks. The Standard & Poor’s 500 Index held near a record while oil declined.
Here’s what to look for when Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee starting at 10 a.m. today. She spoke to the House Financial Services Committee on Feb. 11 in the first of two days of semi-annual testimony on the economic outlook and monetary policy.
U.S. stocks rose, after benchmark indexes ended a four-day rally yesterday, as better-than- forecast earnings and a $45.2 billion takeover of Time Warner Cable Inc. overshadowed a drop in retail sales.
U.S. stocks rose a fourth day and Treasuries fell as comments from Federal Reserve Chairman Janet Yellen fueled bets the economy is strong enough to weather further stimulus cuts. Gold extended a rally to five days.
Sales of corporate bonds in the U.S. fell 30 percent this week and relative yields narrowed as newly appointed Federal Reserve Chairman Janet Yellen pledged to maintain her predecessor’s policies by scaling back the central bank’s unprecedented stimulus in “measured steps.”
U.S. stocks slumped, with the Dow Jones Industrial Average sliding to the lowest close in a month, while Treasuries rose after a gauge signaled contraction in Chinese manufacturing. Emerging-markets equities slipped and the dollar retreated while gold and natural gas climbed.
Most U.S. stocks fell, sending the Standard & Poor’s 500 Index to a weekly loss, amid disappointing corporate earnings. The dollar rose to a four-month high and European shares closed at a six-year best.