Wall Street rises as energy, financial stocks gain

Wall Street rises as energy, financial stocks gain
 

Wall Street rose on Wednesday, helped by higher oil prices and gains in financial stocks ahead of Federal Reserve Chair Janet Yellen's testimony before a Congressional committee.
Yellen's testimony will be watched for clues on the timing of the next interest rate hike, a week after the central bank held rates steady but suggested that a move could come later this year.
Minneapolis Fed President Neel Kashkari said the central bank could keep rates low for a while as inflation remains weak.
Investors are also awaiting comments from Fed officials including voting members Esther George, James... read more

 
28 September 2016 in World News, Views: 30
Source: Reuters
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