Economics
Yellen Financial Market Brooding Fails to Halt S&P 500's Slide
- Yellen says conditions turned less supportive of growth
- Health-care rises for second day, commodity companies fall
Inside Janet Yellen's Testimony on Negative Rates
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A dovish-sounding Janet Yellen wasn’t enough to halt a selloff in the Standard & Poor’s 500 Index that extended to a fourth day, with stock gains caving during the final hour of trading.
Concerns that financial-market turmoil could drag the economy into recession won out over signals from the Fed chair that the turbulence could elongate the schedule for raising interest rates. Raw-material, energy and bank shares fell the most.