(As of 7:10 am PST)
The stock market opened on a cautious note but has since
erased early losses as the major averages are all higher on the day. Fed Chair Janet Yellen returned to Capitol
Hill for day two of her congressional testimony, today visiting the Senate
Banking committee. Markets are tuning in
to Yellen’s comments around monetary policy and the strength of the US
economy. All other news is pretty light
today. A report on jobless claims came
in lower than expected, while earnings results are also driving market
sectors. International markets are
mostly higher on the day while gold and oil are down slightly. Interest rates are up slightly while the US
dollar is also up against major currencies.
It looks to be a quiet day today.
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