Wall Street edged ahead of testimony Yellen

Wall Street edged ahead of testimony Yellen


Wall Street slightly higher on Monday (Tuesday morning GMT ) , a day ahead of the first testimony by Federal Reserve Chairman Janet Yellen new to Congress , with attention focused on how he views the weakening jobs recently .

The Dow Jones Industrial Average added 7.71 points ( 0.05 percent ) to finish at 15801.79 .

The broad-based S & P 500 closed up 2.82 points ( 0.16 percent) to 1799.84 , while the tech -heavy Nasdaq composite index rose 22.31 points ( 0.54 percent) to 4148.17 .

It will be the first opportunity Yellen to voice the views of the economy after the selected replace Federal Reserve Chairman Ben Bernanke , who resigned after eight years in office on January 31 , AFP reported .

Pruning large stimulus program ( tapering ) the Fed could come under review after two consecutive months of disappointing U.S. jobs data , with significant implications for interest rates .

Stocks traded in a narrow range , because Google makes news with surpassed ExxonMobil as the world's second largest company by market capitalization .

Google were down 0.4 percent at 393.9 billion U.S. dollars , while Exxon's fell 1.2 percent has a value 388.1 billion U.S. dollars .

Apple rose 1.8 percent remains the largest company , valued at 471.9 billion U.S. dollars .

Orbitz Worldwide , which has a internet site ticket and hotel reservation Orbitz , Cheaptickets and Ebookers , lost 5.7 percent after announcing a cooperation agreement with travel technology provider Amadeus .

Electric sports car maker Tesla surged close to the limit of U.S. $ 200 before pulling back to a closing high for the 196.56 billion U.S. dollars, up 5.4 percent . This increase was aided by Beijing's announcement of the subsidy is higher than expected for an electric car , which will help the overall market for electric cars in the country .

UnitedHealth fell 2.3 percent led several groups of Dow stocks fell , while McDonald slumped 1.1 percent as U.S. sales fell sharply in January , although Asian markets rose for a giant burger chain .

A strong forecasts for 2014 fourth quarter earnings despite flat push toy maker Hasbro rose 4.5 percent .

Bond prices vary . The yield on U.S. 10-year bonds rose to 2.68 percent from 2.67 percent on Friday , while the 30 - year slipped to 3.66 percent from 3.67 percent . Prices and bond yields move inversely .