Wall Street returns to yearly highs encouraged by the words of Yellen – Financial Journal

Online Financial Journal / EFE

Wall Street recovered and returns to touch its highest level of the year driven by the technology sector and the statements of the president of the Reserve Federal (Fed) on the trajectory of the interest rate.

The Dow Jones, the main indicator of the New York Plaza, rose 0.56% and ended at 17,633.11 units, marking a new annual high since 29 December.

Also posting gains, the S & P progressed 0.88% to 2,055.01 and the Nasdaq whole index rose a strong 1.67% and was at 4846.63 points

<. p> While the session began with losses by a drop in oil prices, as was spending the day investors took up the spirits through the words of the president of the Fed, Janet Yellen, in which he called for “caution” in monetary tightening by global risks.

“the financial and economic conditions are less favorable now than at the December meeting,” said Yellen about the slowdown in China and falling prices of raw materials , statements that were well received by the markets.

Among the actions that led advances of the day I placed the technological Apple (2.37%) and Microsoft (2.19%), followed Visa (1.77%) and Intel (1.50%).

on the other side of the sidewalk, starring the loss, were the titles of 3M (1.14%), DuPont (0 , 86%), JPMorgan Chase (0.62%) and Boeing (0.31%)

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