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Wall Street Closed Mixed After Yellen’s Speech

United States stock market ended mixed on trade Wednesday (18/1/2017) or Thursday morning GMT, after Federal Reserve Governor Janet Yellen said rising interest rates are gradually reference still makes sense.

Index Dow Jones Industrial Average closed down 22.05 points or 0.11% to 19,804.72 while the Standard Poor’s index & 00 strengthened 4 points or 0.18% to 2,271.89.

Reinforcement of S&P index is driven by the financial sector rose 0.8% following statement Yellen at the front of the Commonwealth Club of California, San Francisco.

The financial sector has been strengthened since the US election last November amid expectations of rising interest rates of reference and deregulation under President Donald Trump.

However, shares of Goldman Sachs and Citigroup did not feel the increase in the financial sector, both weaken each 0.6% and 1.7% after the release of quarterly financial reports the day before.

Inversely proportional to S&P, the Dow Jones index closed weakened. Post-election rally on U.S. exchanges began to wane in recent weeks as investors await the inauguration of Trump and the promises of his campaign.

“Maybe investors look restrained and moving sideline sees only what the policy conditions [after Trump appointed],” said Michael O’Rourke, Chief Analyst JonesTrading, as quoted Reuters.

Meanwhile, the U.S. consumer price index rose in December following the rising house prices and fuel.

According to the Department of labor of Indonesia released Wednesday (18/1/2017), the consumer price index (Consumer Price Index/CPI) rising 0.3% in December compared to the previous month (month-on-month/MoM)…(Red).

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