Stocks Lower After Janet Yellen’s Remarks on US Rates – Wall Street Journal

The S&P 500 was on track for its biggest weekly decline since late June, after Federal Reserve Chairwoman Janet Yellen said the case for an increase in U.S. short-term interest rates has strengthened in recent months.

The remarks, which had been anxiously awaited all week, sparked an initial reaction to sell stocks and government bonds that quickly reversed itself. Then later in the session, stocks and U.S. Treasurys again…

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