Business

Snapshot: Fed’s new chief gives markets a big lift

Advertisement

Reassuring words from the new head of the Fed sent stocks soaring and gave the market its longest winning streak of this year. The Dow jumped nearly 200 as Janet Yellen said she’ll continue the central bank’s low-interest-rate policies. Investors also welcomed news that Congress is poised to raise the US borrowing limit, minus the political drama that happened last year. That would avert the threat of a disastrous default on government debt. The Nasdaq is now in positive territory for 2014; the S&P 500 and Dow are down 1.5% and 3.5%, respectively. The Dow and S&P have risen four straight days, their longest stretch of gains this year.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com