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S&P 500 falls from record

The Standard & Poors 500 Index fell from an all-time high as investors awaited a speech by Federal Reserve Chair Janet Yellen for clues on whether interest rates may rise sooner than anticipated.

By Jonathan Morgan, Elena Popina | Updated on August 22, 2014
Federal Reserve Chair Janet Yellen arrives for a dinner during the Jackson Hole Economic Policy Symposium at the Jackson Lake Lodge in Grand Teton National Park near Jackson, Wyo. Thursday, Aug. 21, 2014. (AP Photo/John Locher)

Aug. 22 (Bloomberg) — The Standard & Poor’s 500 Index fell from an all-time high as investors awaited a speech by Federal Reserve Chair Janet Yellen for clues on whether interest rates may rise sooner than anticipated.

Aeropostale Inc. sank 8.4 percent after forecasting a wider-than-estimated loss. Dynegy Inc. climbed 12 percent after agreeing to buy $6.25 billion of power plants from Duke Energy Corp. and Energy Capital Partners. Gap Inc. rose 4.2 percent after the retailer reported quarterly profit that topped analyst estimates. Ross Stores Inc. increased 6.9 percent after raising its annual forecast.

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