Sentiment Lifted by Yellen’s Comments and Vote on Debt Ceiling

Investors reacted positively to Fed Chairman Janet Yellen’s testimony and the House’s approval of a bill to raise the US debt ceiling. Wall Street gained with the DJIA and S&P 500 indices rising +1.22% and +1.11% respectively. In the commodity sector, gold jumped despite Yellen’s comments that Fed’s tapering would remain in progress.

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Sentiment Lifted by Yellen’s Comments and Vote on Debt Ceiling