Shares of Wall Street Print Record On Strengthening Support Banking Stocks

Equityworld Futures, Jakarta Most US stocks or Wall Street higher on this midweek. Wall Street Print record of banking stocks led gains.

Launched by Reuters on Wednesday (02/15/2017), bank stocks rose after the governor of the Federal Reserve, Janet Yellen said that it is not wise to wait too long in raising interest rates.

Yellen said the delay interest rate hikes will force the Federal Reserve to tighten monetary policy more quickly, which could lead to the risk of recession. He also pointed out there is uncertainty in economic policy under the control of President Donald Trump.

Bank stocks were expected to take advantage of rising interest rates lead the market. Goldman Sachs rose 1.29 percent, and Bank of America added 2.82 percent. S & P 500 rose 1.24 percent.

In addition to bank stocks, Apple shares also contributed to the rise in Wall Street at the close of trading yesterday. Apple shares hit a record rise for a second session, contributing to the profits of S & P 500, Dow Jones Industrial Average and the Nasdaq Composite Index.

The Nasdaq Composite Index rose 0.32 percent to settle at 5782.57 level. While the Dow Jones Industrial Average gained 0.45 percent to close at 20504.41 levels, and the S & P 500 rose 0.40 percent at 2337.58.

read Asian Stocks Rise Following Janet Yellen Statement | Equityworld Futures


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