Stocks End Mixed Following Yellen’s Remarks on Economy
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iStock/Thinkstock(NEW YORK) — Wall Street stocks ended mixed Tuesday following the release of government numbers and comments on the economy from Federal Reserve Chair Janet Yellen.
The Dow Jones Industrial Average added 5 points at 17060.68, the Nasdaq Composite fell 24 points at 4416.39, and the S&P 500 finished down 4 points to close at 1973.28.
JP Morgan Chase reported lower earnings before the bell, while Intel boasted second quarter earnings that were better than expected after the close.
The economy is still recovering, Yellen told the Senate Banking Committee on Tuesday. The central bank will provide significant support to boost growth and the job market, she added.
Still, despite steady hiring, consumers remain cautious as retail sales rose only slightly last month.
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