The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo61° Slight Chance Sprinkles

Wednesday

Hi82° Sunny

Wednesday Night

Lo56° Partly Cloudy

Thursday

Hi73° Partly Sunny

Thursday Night

Lo54° Slight Chance Showers

Friday

Hi69° Chance Showers

Friday Night

Lo53° Slight Chance T-storms then Mostly Cloudy

Saturday

Hi73° Mostly Sunny

Saturday Night

Lo50° Partly Cloudy

Sunday

Hi74° Mostly 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