Summary: Stocks retreat after S 500 touches new high; Fed officials try to clear up “six month” misconception; Darden results bad as expected; Turkey blocks Twitter; MasterCard/Visa Russia sanctions. Conway G. Gittens reports.
Tag: Reuters USA-USCLOSE (O)
VIDEO: Data drown out Yellen rate talk
Summary: Stocks rebound as economic data improve without help from housing; 29 of 30 U.S. banks pass Fed’s annual stress exam; Nike easily races past estimates; Investors continue love affair with mobile messaging start ups like Tango. Conway G. Gittens reports.
VIDEO: Stocks down on Yellen’s comments
Summary: Federal Reserve Chair Janet Yellen hints at earlier than expected rate hike slam markets; Oracle, Fedex results disappoint; Toyot’s $1.2b settlement. Bobbi Rebell reports.
VIDEO: Crying over Crimea
The Dow fell for the fifth day in a row, its first weekly decline in three weeks and the Nasdaq snapped a five-week rally, as investors await the West’s response to a weekend vote that could split Ukraine. Conway G. Gittens reports.