US STOCKS-Wall St little changed after Yellen comments

miércoles 25 de febrero de 2015 12:17 GYT

* HP drops after results, outlook

* Day two of Yellen testimony continues

* New home sales fall less than expected

* Indexes: Dow off 0.02 pct, S&P 0.08 pct, Nasdaq up 0.04 pct (Updates to market open)

By Chuck Mikolajczak

NEW YORK, Feb 25 (Reuters) - U.S. stocks held near the unchanged mark on Wednesday, as investors looked for clues to the timing of an interest rate hike during a second day of testimony from Federal Reserve Chair Janet Yellen.

The Fed chair's prepared testimony to a House of Representatives' committee on Wednesday was identical to remarks she delivered a day earlier to a Senate panel and a question and answer session was under way.

"What people are really hinging on is any noises that are coming out of the Fed, most notably Janet Yellen," said Keith Bliss, senior vice-president at Cuttone & Co in New York.

"I would term what she did yesterday as somewhat 'jawbone therapy' where she knows the market is listening to every word and she is being just noncommittal enough."   Continuación...