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By Caitlin Ostroff and Karen Langley The Dow Jones Industrial Average rose to a fresh record Wednesday as concern about the potential for a rise in interest rates eased. The blue-chip.
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By Caitlin Ostroff U.S. stock futures edged higher Wednesday, pointing to a rebound in the major indexes after concerns about inflation and a rise in interest rates eased. Futures tied to the S&P 500 ticked up 0.4%. Nasdaq-100 futures edged up 0.5%, suggesting that technology shares may recover some ground a day after the index declined almost 1.9%. Stocks are poised to rebound Wednesday after Treasury Secretary Janet Yellen walked back earlier comments that interest rates might need to rise to keep the economy from overheating. She clarified after markets closed that she was neither predicting nor recommending that the Federal Reserve raise rates. Inflation isn t likely to be a problem, and the Fed can handle it if it does become an issue, she said at The Wall Street Journal s CEO Council Summit.
Provided by Dow Jones
By Caitlin Ostroff and Karen Langley Major U.S. stock indexes rose Wednesday as concern about the potential for a rise in interest rates eased. The S&P 500 rose 0.5%, while the Dow Jones Industrial Average added 0.4%, or about 150 points. The tech-heavy Nasdaq Composite advanced 0.5% after a sharp decline Tuesday. Stocks resumed their upward trajectory after Treasury Secretary Janet Yellen walked back comments that interest rates might need to rise to keep the economy from overheating. She clarified after markets closed Tuesday that she was neither predicting nor recommending that the Federal Reserve raise rates. Inflation isn t likely to be a problem, and the Fed can handle it if it does become an issue, she said at The Wall Street Journal s CEO Council Summit.
Provided by Dow Jones
By Caitlin Ostroff U.S. stocks edged higher Wednesday, pointing to a rebound in the major indexes after concerns about inflation and a rise in interest rates eased. The S&P 500 ticked up 0.4%. The Nasdaq Composite Index edged up 0.8%, suggesting that technology shares may recover some ground a day after the index declined almost 1.9%. The Dow Jones Industrial Average added 0.1%. Stocks resumed their upward trajectory Wednesday after Treasury Secretary Janet Yellen walked back earlier comments that interest rates might need to rise to keep the economy from overheating. She clarified after markets closed that she was neither predicting nor recommending that the Federal Reserve raise rates. Inflation isn t likely to be a problem, and the Fed can handle it if it does become an issue, she said at The Wall Street Journal s CEO Council Summit.