reserve chair janet yellen did not say when a hike could come. backing off comments she made just a few weeks ago. last month she said rates would move up again in the coming months. today she dropped that reference. she also said she and her colleagues will wrestle with last week s weak job data when they meet next week. investors liked the sound of that because it suggested that a rate hike is now off the table. dow jones industrial average up 113 points to 17,920. nasdaq added 26. the s&p 500 rose 10 to its highest level of the year. steve liesman has more now on the fed chair s workout. reporter: fed chair janet yellen said in a major speech the fed remains on track to raise interest rates. but reacting to friday s dismal jobs report declined to say when that rate hike might come. if incoming data are consistent with labor market conditions strengthen and inflation making progress toward our 2% objective, as i expect, further gradual increases in the federal funds r
reserve chair janet yellen did not say when a hike could come. backing off comments she made just a few weeks ago. last month she said rates would move up again in the coming months. today she dropped that reference. she also said she and her colleagues will wrestle with last week s weak job data when they meet next week. investors liked the sound of that because it suggested that a rate hike is now off the table. dow jones industrial average up 113 points to 17,920. nasdaq added 26. the s&p 500 rose 10 to its highest level of the year. steve liesman has more now on the fed chair s workout. reporter: fed chair janet yellen said in a major speech the fed remains on track to raise interest rates. but reacting to friday s dismal jobs report declined to say when that rate hike might come. if incoming data are consistent with labor market conditions strengthen and inflation making progress toward our 2% objective, as i expect, further gradual increases in the federal funds r
reserve chair janet yellen did not say when a hike could come. backing off comments she made just a few weeks ago. last month she said rates would move up again in the coming months. today she dropped that reference. she also said she and her colleagues will wrestle with last week s weak job data when they meet next week. investors liked the sound of that because it suggested that a rate hike is now off the table. dow jones industrial average up 113 points to 17,920. nasdaq added 26. the s&p 500 rose 10 to its highest level of the year. steve liesman has more now on the fed chair s workout. reporter: fed chair janet yellen said in a major speech the fed remains on track to raise interest rates. but reacting to friday s dismal jobs report declined to say when that rate hike might come. if incoming data are consistent with labor market conditions strengthen and inflation making progress toward our 2% objective, as i expect, further gradual increases in the federal funds r
saying moscow was reckless in it s actions. literally losing the shirts off their backs. they re forced to flee a meeting with workers that turned violent as the airline details it s job cutting plans. what a day it was for u. s. markets yesterday. you ve seen a percentage of advantages up 200%. meantime the s&p also saw it s 5th best day of the year and the nasdaq is out of correction territory. you see regaining all of their september losses that we saw being lead down by the concerns over in china and the sectors that saw the biggest declines were financials, energies and telecoms. now we re seeing big gains. up from friday s session lows and when you check in on the s&p itself, posting it s first five day winning streak of this year, 2015 and it s fifth best session of 2015 as well this year. meantime s&p slashed it s credit rating and outlook for 14 oil and gas firms. it includes bp which had it s outlook cut to negative. let s look at the price action. all losing th
second time this year. microsoft banks on windows 10 as a game changer. they prepare to watch the new smartphones in the hope it will bring him a step closer to his 1 billion users target. after that strong rally to kick off the week let s check in on the u.s. market futures picture. fair value is telling us we ll be down a little bit when markets kick off. we re lower by 6 points. it looked like the implied open is pricing in declines of 26 points and change and the nasdaq should be down some 18. let s check in on that big gain that we saw yesterday. u.s. stock markets are now out of correction territory and they have regained all of their september losses in that rally that was lead by financials by energy and telecoms yesterday. the dow jones industrials. we saw gains rising some 736 points from friday s session lows. after the s&p posting it s first five day winning streak of 2015 in it s fifth best session of this year as well. so we saw gains at the end of it about