Dow ekes out a gain, but S&P falls; Yellen knocks biotechs and social media …


Reuters

The stock market rallied at the open, helped by J.P. Morgan and Goldman Sachs gaining after their earnings reports.

But that pop faded as investors took in a Fed report and comments from Fed Chairwoman Janet Yellen.

In particular, the Fed report sounded a cautious note on small caps, biotechs and social-media stocks.

So perhaps it’s no surprise the tech-heavy Nasdaq and the small-cap Russell 2000 are underperforming, while the Dow is in the green, led by J.P. Morgan



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and Goldman



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.

Dow +0.1%

SP 500 -0.1%

Nasdaq -0.5%

Russell 2000 -0.9%

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