Lower Jobless Claims Allow Another Record High for Dow

After having spoken before congress yesterday and not strongly advocating for rate hikes, Janet Yellen appeared before the Senate banking committee this morning.  Meanwhile there was an auction for $12 billion 30 year  U.S. Treasury bonds this afternoon.  Only 247,000 initial jobless claims were filed last week versus the 345,000 expected.  The producer price index was down to 2.0% versus 2.4% in May.  The Dow closed up 20 points today at another record high.