World Week Ahead Yellen testimony follows weak US jobs news

Sun, 09 Feb 2014

Feb 10 (BusinessDesk) – Janet Yellen is scheduled to deliver her first testimony as chairman of the Federal Reserve to US lawmakers this week after a weaker-than-expected jobs report did little to temper investors’ optimism about the US economic outlook. In the past five days, the Dow Jones Industrial Average gained 0.6 percent, while the Standard & Poor’s 500 Index climbed 0.8 percent, and the Nasdaq Composite Index rose 0.5 percent. On Friday Wall Street jumped, lifting the Dow 1.1 percent, the S&P 500 1.3 percent, and the Nasdaq 1.7 perc...

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