NEW YORK (AP) — Stocks were mostly lower on Wall Street in afternoon trading on Friday, giving up modest gains following a generally upbeat assessment of the economy from Fed Chair Janet Yellen. Phone companies and utilities, widely considered safe-play stocks, led the list of decliners, while health care stocks rose. AT&T and Verizon each fell about 1 percent. (full story)
MANILA, Philippines (AP) — Stock markets were mostly lower Friday as investors awaited a speech by U.S. Federal Reserve Chairwoman Janet Yellen later in the day for cues on the timing of the next interest rate hike. (full story)
Ilya Spivak, Currency Strategist - Daily FX - Fri Aug 26, 3:40AM CDT
Check out the latest standings for the FXCM $10k trading contest HERE .
I argued that currency markets underestimated the risk that the "Brexit" referendum posed for the Euro ahead of the vote on June 23.The... (full story)