World Week Ahead: Yellen testifies on outlook

Sun, 13 Nov 2016

By Margreet Dietz Nov. 14 (BusinessDesk) - As investors watch and digest the implications of Donald Trump’s upset victory in the US presidential elections, US Federal Reserve Chair Janet Yellen is set to testify on the country’s economic outlook before Congress on Thursday. Last week, the Dow Jones Industrial Average jumped 5.4 percent, the Standard & Poor’s 500 Index rallied 3.8 percent as did the Nasdaq Composite Index, as investors piled into stocks that were seen benefitting from a Trump presidency, notably in the health, financial an...

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