Arab Today, arab today us stocks dip as yellen sees december rate hike chance
Last Updated : GMT 10:50:47
Arab Today, arab today
Arab Today, arab today

US stocks dip as Yellen sees December rate hike chance

Arab Today, arab today

Arab Today, arab today US stocks dip as Yellen sees December rate hike chance

Wall Street stocks
New York - AFP

Wall Street stocks dropped Wednesday after Federal Reserve Chair Janet Yellen said the US central bank could lift interest rates in December.

At the closing bell, the Dow Jones Industrial Average stood at 17,871.05, down 47.10 points (0.26 percent).

The broad-based S&P 500 fell 7.24 (0.34 percent) to 2,102.55, while the tech-rich Nasdaq Composite Index lost 2.55 (0.05 percent) at 5,142.58.

Yellen, speaking in a congressional hearing, said a December rate hike was "live possibility" if data continues to show solid economic growth.

The remarks came two days before the US Labor Department releases a much-anticipated jobs report for October.

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