The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Overnight

Lo69° Mostly Clear

Wednesday

Hi96° Hot

Wednesday Night

Lo70° Mostly Clear

Thursday

Hi98° Hot

Thursday Night

Lo71° Clear

Friday

Hi98° Hot

Friday Night

Lo68° Clear

Saturday

Hi93° Sunny

Saturday Night

Lo62° Clear

Sunday

Hi84° Sunny

Wall Street

Send to Kindle
Print This

The Federal Reserve’s latest take on the U.S. economy put many investors into sell mode Tuesday, sending stocks mostly lower after a brief upward turn early in the day.

Fed Chair Janet Yellen, speaking before Congress, said the U.S. economy has yet to recover fully, but raised the possibility the central bank could raise its key short-term interest rate sooner than currently projected. The Fed also issued a report noting that valuations for stocks in some sectors, such as social media and biotech firms, appear to be stretched, sending shares in Facebook, Twitter and LinkedIn lower.

View my options or Sign in