Shares gain on Yellen comments, reduced bank fears

February 10, 2016 7:32 PM

5 0

NEW YORK Stock indexes worldwide rebounded on Wednesday after comments from Federal Reserve Chair Janet Yellen eased concerns about the U.S. economy, while greater calm surrounding the European banking sector boosted that region's shares.

Yellen acknowledged that tightening financial conditions and uncertainty about China posed risks, but told Congress she does not expect the central bank to reverse its rate hike program.

Also read: Morgan Stanley positioned for Fed-fueled liftoff

Read more

To category page