Stocks soar as Fed Chair Janet Yellen testifies to Congress
Stocks (^DJI, ^GSPC, ^IXIC) are rallying at the midday mark, with the tech sector (XLK) leading the way up, while financials (XLF) are the only sector in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Dan Roberts, David Nelson, chief strategist at Belpointe Asset Management, and Yahoo Finance’s Jeanie Ahn.
Today, we talk about:
Walmart cracking down on suppliers
Amazon sets sales record on Amazon Prime Day
Fed Chair Yellen sends stocks surging
Airlines soar after AA raises guidance on key metric
Crude oil whipsawed by conflicting supply reports
How to save on credit card fees with a phone call
Visa’s war on cash
WeChat ads boost Burberry sales