Wall Street closed slightly higher

India Infoline News Service | Mumbai | October 15, 2016 09:48 IST

The S&P 500 gained 0.43 points, or 0.02% to 2,132.98 and the Nasdaq Composite added 0.83 points, or 0.02% to 5,214.16.

Wall Street closed slightly higher on Friday. Federal Reserve Chair Janet Yellen later rattled investors when she said aggressive steps may be needed to address an economy whose potential is slipping.

The Dow Jones industrial average closed up 39.44 points, or 0.22% to 18,138.38, the S&P 500 gained 0.43 points, or 0.02% to 2,132.98 and the Nasdaq Composite added 0.83 points, or 0.02% to 5,214.16.

The dollar posted its largest weekly rise in more than seven months, with rebounding US retail sales and a rise in producer prices last month indicating the economy had regained momentum in the third quarter after a lackluster first-half.

Global benchmark Brent LCOc1 settled down 8 cents at $51.95 a barrel. US crude CLc1 slid 9 cents to settle at $50.35 a barrel. US Treasury yields rose, with the benchmark 10-year note falling 19/32 in price to yield 1.80%.
 

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