Testimony by Yellen Nudges the Market Higher - News Summed Up

Testimony by Yellen Nudges the Market Higher


For the second day in a row, stocks traded higher and bond prices fell as investors felt a bit surer that Britain would stay in the E.U. Brent crude, the benchmark for international oil prices, slipped 3 cents, to $50.62 a barrel in London. On Tuesday, bond prices fell as investors felt comfortable taking on riskier investments. It said sluggish freight market conditions were hurting rates, as were the costs associated with an increase in pay for drivers. Benchmark United States crude fell 52 cents, or 1.1 percent, to $48.85 a barrel in New York.


Source: New York Times June 21, 2016 14:03 UTC



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