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US stocks close mixed on Yellen’s speech

US stocks close mixed on Yellen’s speech
The Dow Jones industrial average went down 0.29% (Photo Credit: Arabianeye-Reuters)

Mubasher: US stocks saw a volatile performance on Friday, after Federal Reserve Chairwoman Janet Yellen signalled the possibility of interest rate increase before the end of 2016.

The Dow Jones industrial average went down 0.29% or 53.01 points to reach 18,395.4 points.

The broader Standard & Poor's 500 fell 0.16% to reach 2,169.04 points. However, the NASDAQ composite index grew 0.13% to reach 5,218.92 points.