VIDEO: The Dow, S&P and Nasdaq Close At Records Highs As Markets Continue To Rally
By Fox Business // February 14, 2017
ABOVE VIDEO: The Dow, S&P and Nasdaq Close At Records Highs
(FOX BUSINESS) – Wall Street reversed course to eke out small gains on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.
Apple rose about 1 percent to hit an all-time high of $134.59, helping the three major indexes to hit fresh record highs for the fourth day in a row.
Yellen said delaying rate hikes could force the central bank to raise rates quicker down the line, which could risk a recession. She also expressed uncertainty over economic policy under the Trump administration.
President Donald Trump’s pro-business stance sparked a record-setting rally in stocks. However, he has given scant detail on his policies, giving the Fed limited visibility on the direction of the economy.
“It is too early to know what policy changes will be put in place or how their economic effects will unfold,” Yellen said.
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