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Markets Higher Ahead of Fed’s Janet Yellen Debut on Capitol Hill

August 25, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. stocks finished in the green Monday, a day before new Federal Reserve Chairwoman Janet Yellen speaks to Congress. The S&P 500 popped 3 points to 1800 while the Dow rose 8 points to 15,802. The Nasdaq jumped .5% to 4,148. In corporate news, Green Mountain Coffee Roasters and Krispy Kreme Doughnuts finished higher after announcing a multi-year agreement to bring Krispy Kreme’s coffee to K-Cup packs. Meanwhile, St. Jude Medical gained 2.5% after William Blair raised the stock to “outperform” from “market perform.” Loews stock fell over 4% after the company reported a wider than expected Q4 loss of $198 million as a result of impairment charges.

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