US Stocks Turn Down After Ending Higher Friday; Investors Eye Yellen Testimony Tuesday

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U.S. stocks pointed lower Monday after an upbeat finish to last week, amid a lack of economic releases that could give direction to the market and as investors await Federal Reserve chair Janet Yellen's testimony before Congress Tuesday. She may offer clues as to whether she plans to continue the size and pace of tapering the asset purchasing program or if recent downbeat economic data may slow it down.

In equities, Hasbro ( HAS ) slipped before the market open after Q4 missed expectations. Meanwhile, AutoNavi ( AMAP ) jumped nearly 27% as Alibaba offered to take the company private for $21 per share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: HAS , AMAP


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