Yellen: 1, Greece: 0 as U.S. Stocks Post Best Week Since April
Will U.S. Markets Stay Bullish Amid Greek Debt Talks?
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U.S. equities turned in the best week since April as investors were captivated by the Federal Reserve’s script for managing the American economy, ignoring the improvisations on the Greek stage.
The Standard & Poor’s 500 Index finished the five days up 0.8 percent, the most since April 24, even as the index slipped in the final session. Equities were jolted higher as Fed Chair Janet Yellen signaled the central bank won’t be raising rates quickly as officials hold out for more decisive evidence of an economic rebound.