At the close of U.S. stocks, the Dow Jones Industrial Average closed almost flat, the S&P 500 Index initially closed down 0.5%, and the Nasdaq Composite Index closed down 1.23%. Star technology stocks performed poorly, with Nvidia (NVDA.O) closing down 3.15% and Tesla (TSLA.O) closing down 2.99%. The gold and silver sectors closed strongly higher, and oil and gas stocks rose throughout the day, with Marathon Oil (MRO.N) closing up 4.76% and ConocoPhillips (COP.N) closing up 3.1%.
U.S. Treasury Secretary Yellen: The bond market’s expectations of the Fed’s actions can be