Surf Taiwan News, Browse the World »
Stock futures edge higher after Yellen remarks
Stock futures edge higher after Fed Chair Yellen signals she will continue Bernanke's policies
By The Associated Press
Associated Press
2014-02-11 11:01 PM

NEW YORK (AP) -- U.S. stock futures rose in pre-market trading Tuesday as new Federal Reserve Chair Janet Yellen signaled the central bank would continue to dial back its stimulus program if the economy keeps improving.

KEEPING SCORE: Dow Jones industrial average futures climbed 27 points to 15,766 with 30 minutes to go before the opening bell. Standard & Poor's 500 index futures gained two points to 1,796 and the Nasdaq futures climbed eight points to 3,586.

FED CONTINUITY: In her first public comments since taking over the top Fed job last week, Yellen said Tuesday that she expects a "great deal of continuity" with her predecessor, Ben Bernanke. She signaled that she supports his view that the economy is strengthening enough to withstand a pullback in stimulus, but that rates should stay low to fuel further growth.

BARCLAYS JOB CUTS: Barclays fell 5 percent in pre-market trading after the British bank, citing a slowdown in its investment banking division, said it would slash up to 12,000 employees.

Advertisement »
HOME |  WORLD |  Politics |  Business |  Sports |  Lifestyle |  TAIWAN |  Technology |  Health |  SUPPLEMENT |  Society |  OPINION
  • Taiwan News  ©  2014 All Rights Reserved.