Stocks Climb; S&P 500 Breaks Two-Week Losing Streak
The Dow Jones industrial average gained 30.27 points, or 0.1 percent, to 21,813.67, the Nasdaq composite dipped 5.68, or 0.1 percent, to 6,265.64
and the Russell 2000 index of small-cap stocks rose 3.58, or 0.3 percent, to 1,377.45.
Phil Orlando said that The market generally does not believe that anything is going to happen, it’s maybe a 20 to 30 percent chance,
The S&P 500 rose 4.08 points, or 0.2 percent, to 2,443.05,
and it barely budged off its course after Federal Reserve Chair Janet Yellen gave her speech in the morning.
NEW YORK — Stocks rose on Friday, and the Standard & Poor’s 500 index cruised to its first winning week in the last three.
In the stock market, design-software company Autodesk jumped to one of the biggest gains in
the S&P 500 after reporting stronger results for the latest quarter than analysts expected.
The biggest reaction to the speeches may have been in the currency market, where the dollar fell against rivals following Yellen’s speech.
