Stocks Rally Early; But End Up Subdued By Yellen’s Remarks

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks were rallying early today, riding the wave up from yesterday, however, the momentum was brought to halt shortly after Janet Yellen made a comment about the stock market being “substantially stretched” in terms of valuations. The Dow ended the day barely above water by 0.03%, while the Nasdaq lost 0.5% and …