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Japan Sees Another Stock Selloff, Wall Street Waits on Yellen

June 14, 2023
in Trade Tube
Reading Time: 1 min read
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Japanese stocks selloff again overnight, down another 2%, after plummeting in the previous session. Wall Street though is eyeing Washington D.C. as Federal Reserve Chairwoman Janet Yellen delivers her semi-annual testimony on the economy before the House Financial Services Committee. Her appearance will be closely watched for clues about whether the Federal Reserve is leaning toward an interest rate increase in March. The New Hampshire primary results are in. Republican Donald Trump won the primary by a large margin. Democrat Bernie Sanders won over Hillary Clinton in a landslide. Disney (DIS) quarterly earnings jumped 32% thanks to ‘Star Wars-the Force Awakens’. CEO Robert Iger said the company was driven by the phenomenal success of the film. Disney theme parks also saw record attendance. The report marked the 10th consecutive quarter of double digit earnings per share growth.

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