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Dow, S&P touch new highs as Yellen speaks; Cisco sinks
[Reuters] - The Dow and S&P indexes climbed to fresh highs Thursday after U.S. Federal Reserve Chair nominee Janet Yellen told a Senate committee that the Fed's accommodative policies would continue as long as the economy remains fragile. The Nasdaq was under pressure, weighed by Cisco Systems Inc (CSCO), after the networking giant reported disappointing results on Wednesday. Cisco shares dropped nearly 12 percent. Yellen's Q&A followed late gains in the market Wednesday ahead of the release of her prepared remarks.
http://us.rd.yahoo.com/finance/news...om/news/dow-p-end-record-highs-002541451.html
[Reuters] - The Dow and S&P indexes climbed to fresh highs Thursday after U.S. Federal Reserve Chair nominee Janet Yellen told a Senate committee that the Fed's accommodative policies would continue as long as the economy remains fragile. The Nasdaq was under pressure, weighed by Cisco Systems Inc (CSCO), after the networking giant reported disappointing results on Wednesday. Cisco shares dropped nearly 12 percent. Yellen's Q&A followed late gains in the market Wednesday ahead of the release of her prepared remarks.
http://us.rd.yahoo.com/finance/news...om/news/dow-p-end-record-highs-002541451.html
