The day is not over, and things can still happen, but we can still have a look of the US market today. This is what I'm going to do, even if I'm going to shock some people, because I don't agree with the fact Yellen dehydration during the speech is worrying for the market and for the health of the figure of the Federal Reserve (if you wonder, I read that while reading news this morning). The truth is that NASDAQ is driven down by the biotechnology industry who, over the past 12 months, rose of 12%, but fallen of 5.7% today. Meanwhile, Dow Jones is positive (0.5%) today mainly because of the 8.9% increase of Nike Inc, with its good quarterly results, and S&P 500 fell of 0.2%. I don't expect a lot to happen from now to the market's close, however.
Markets wouldn't do anything today because it is Friday. Traders won't hold positions over the weekend. Between the Pope tying New York City into traffic knots, Obama and Xi making nice in Washington (yep, sure...), Boehner resigning causing ulcers in Congress and the GOP, Yellen's health scare, and decent weather in the neUSA, no one is paying attention to a market crabbing sideways. Energy and oil is dampening expectations.
http://www.reuters.com/article/2015/09/25/us-usa-fed-yellen-idUSKCN0RO2GR20150925 Here is more on Yellen-s health scare.
I must admit markets is often on a standby mode in Friday, especially when we are in times where markets waits a lot for signals from statistics and other factsheets, in order to determine precisely how to make the next move. But it is worth noting that in the whole Europe, markets got higher in Friday, by like 2-3%. I made a topic with details of the numbers, but despite it is a rather "calm day" in general, it seems that US markets got a bad note and tone for Friday, meanwhile Europe felt rather good on the same day. We're usually used to see both markets in connection. And nothing surprising happened in the chart when Wall Street opened with lows, despite European markets was still open.
