TGIF Janet Yellen - In a week loaded with economic news and data, the only thing investors seemed to care much about is the words delivered from Janet Yellen, the Fed Chairman. On Wednesday, the Fed completed their monthly FOMC meeting and announced that they did not expect interest rates to rise until 2015. The likelihood that rates will remain low for the remainder of the year fueled investor excitement and drove the DOW up almost 100 points. The NASDAQ finished at its highest level in 14 years.
Posted on: Fri, 20 Jun 2014 17:48:59 +0000