Wall St Week Ahead-S&P 500 may stall near high; Yellen in focus

(Reuters) - After the S&P 500 slipped on Friday and broke a two-week rally, stocks may find tougher sledding in the coming week as investors may be unwilling to push the benchmark index to a record high.

The Standard & Poor's 500 has risen 3 percent over the past three weeks, as investors have largely been willing to forgive a flurry of soft economic data due to harsh winter weather.

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The main focus will be Part Two of Federal Reserve Chair Janet Yellen's semi-annual monetary policy testimony before the Senate Banking Committee on Thursday.

Ironically, Yellen's congressional testimony before U.S. lawmakers was rescheduled after a Senate panel previously canceled the original hearing date due to a recent snowstorm in Washington, D.C.

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FTSE / DOW

Good morning traders!

In the US Friday, the Dow fell 30 points to 16,103, the Nasdaq lost 5 points at 4,263
and the S&P 500 shed 4 points at 1,836.

In Asia today, the Nikkei was recently down 171 points at 14,695 and the Hang Seng
off 280 points at 22,288.

WTI crude oil traded at $102.20 a barrel and Brent crude at $109.85.

Gold settled at $1,323 an ounce.

Happy Monday!

G.

Opening Market Overview

Just to reiterate :-

Intraday high of May 22nd last year was 6875.62.

Intraday high of this year Jan 21st was 6867.42.

All time high on 30th Dec 1999 was 6950.60.