Wall Street opened on a firm note before Janet Yellen – Capital.fr

The New York Stock Exchange began on a stable tone Wednesday, many investors moved cautiously awaiting the speech by the president of the Federal Reserve.

Janet Yellen must appear before the Economic Club of Washington at 17:25 GMT, on the eve of his hearing by the Joint Economic Committee of Congress.

The Dow Jones assigns 0 , 03% to 17,883.28 points in early trade. The Standard & amp; Poor’s 500 largest, was down 0.05% to 2101.51 but the Nasdaq Composite gained 0.11% to 5162.18 points.

Wall Street started the month on a positive note on Tuesday.

In terms of the economy, the private sector in the US has created 217,000 jobs in November, a higher figure the expectations of economists and at its highest level since June, according to a private survey.

Economists expect Friday’s employment report announced 200,000 jobs created in November, should the hypothesis of a widespread rate hikes from the Fed meeting this month.

“Today’s figures bode well for the report on the use of falcons for Friday and the Fed, “said Adam Sarhan, CEO of Sarhan Capital.

It is expected that the market remains without a clear direction, especially as investors await announcements from the European Central Bank after its meeting on Thursday. The ECB should strengthen its asset purchase program.

Several Fed officials should express themselves, including the president of the San Francisco Fed John Williams, Governor Daniel Tarullo and President Philadelphia Fed Patrick Harker.

The scenario of a rise in the Fed rates to mid-December is “convincing,” said for his part the president of the Atlanta Fed Dennis Lockhart Florida.

Yahoo takes 4%. Its board of directors will consider the sale of the Internet activities of the group, a source told Reuters. The Wall Street Journal, he will also consider the implementation of the project or not to separate from the remainder of the group participation of more than $ 30 billion in Alibaba (+ 0.7%).

Powell Industries however falling more than 10%. The electrical products maker posted lower-expected results for its fourth quarter ended in late September and its forecast for 2016 also disappointed.

(Tanya Agrawal, Juliette Rouillon for the French service, edited by Wilfrid Exbrayat)