Home » NEWS » Banking & Finance » US stock indexes are off to a mixed start

US stock indexes are off to a mixed start

Stocks are off to a mixed start on Wall Street ahead of a speech by Federal Reserve Chair Janet Yellen later in the day.

Investors will be listening for clues Friday on whether the central bank will raise interest rates again later this month.

Several companies were moving after reporting their latest quarterly results.

Costco slid 3.6 percent after the warehouse club operator reported earnings that missed estimates.

Marvell Technology rose 2 percent after the semiconductor maker’s latest earnings and outlook beat estimates.

The Standard & Poor’s 500 index slipped a fraction to 2,381. The Dow Jones industrial average gained 27 points, or 0.1 percent, to 21,027. The Nasdaq composite gave up 3 points to 5,858.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.49 percent.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Associated Press

Leave a Reply

Your email address will not be published. Required fields are marked *

*