Stocks retreated modestly Wednesday after comments from Federal Reserve Chair Janet Yellen implied that Fed policymakers are still considering raising interest rates in December. Yellen's comments pushed the U.S. dollar higher. The dollar's rise had a secondary impact of causing oil to fall, which in turn pushed oil, gas and energy stocks lower.
For Wednesday:
The Dow Jones industrial average fell 50.57 points, or 0.3 per cent, to 17,867.58.
The Standard & Poor's 500 index fell 7.48 points, or 0.4 per cent, to 2,102.31.
The Nasdaq composite index was lost 2.65 points, or 0.1 per cent, to 5,142.48.
For the week:
The Dow is up 204.04 points, or 1.2 per cent.
The S&P 500 has risen 22.95 points, or 1.1 per cent.
The Nasdaq is up 88.73 points, or 1.8 per cent.
For the year:
The Dow is up 44.51 points, or 0.3 per cent.
The S&P is up 43.41 points, or 2.1 per cent.
The Nasdaq is up 406.42 points, or 8.6 per cent.
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.