Wednesday, Dec 07, 2016
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Stock Market

Stocks edge lower as Ukraine tensions worsen; Yellen offers little guidance on interest rates

Investors consider Fed chief Yellen's speech

NEW YORK — More tensions in Ukraine left the stock market slightly lower in quiet trading.

Investors were also poring over a speech by Federal Reserve Chair Janet Yellen, which gave few clues about the central bank’s next moves on interest rates.

Trading was unusually quiet with many investors on vacation.

The Dow Jones industrial average lost 38 points, or 0.2 percent, to close at 17,001 today.

The Standard & Poor’s 500 index fell four points, or 0.2 percent, to 1,988. The Nasdaq composite index rose six points, or 0.1 percent, to 4,538.

Aeropostale plunged 10 percent after forecasting a big loss in the current quarter. Gap rose 5 percent after reporting a surge in profits.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.40 percent.

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