Looking ahead, investors are awaiting a host of US economic indicators, including core inflation, retail sales and industrial production for June later in the session for more insight into how the Fed might proceed.
The Dow and S&P 500 both closed at new records while gauges of global stock markets also scaled fresh highs, capping their best week in more than two months. Retail sales unexpected fell 0.2 percent in June while the University of MI consumer sentiment survey missed expectations at 93.1 versus 95 forecast by economists. The trade-weighted index was little changed at 78.11.
Among other precious metals, silver prices dropped 0.4 percent to $15.60 per ounce. The prospects of a hike to the fed funds rate in December is now sitting at 45 percent even though the Fed's guidance is for a third hike this year.
The measure of wireless phone costs fell 0.8 percent in June and is down 13.2 percent in the past year.
Aussie reaches 2-year high on United States weakness
Joe Duran, CEO of United Capital, said on "Closing Bell" he does not think the Fed will raise rates again this year, despite what Yellen has said.
The 0.2% fall in retail sales was the big surprise and has added to scepticism that the Fed is on top of what is actually happening in the economy.
"She seemed wary of recently slowing inflation and suggested that rates won't need to rise much further to get to a neutral setting", he said. Prices have been posting gains since a solid U.S.jobs report issued late last week, which backed the argument for higher interest rates although likely not at a more aggressive pace than the go-slow approach the Fed has signaled.
As a result the FT said the market-implied odds of a third rate increase in 2017 fell below 50% on Friday, "and the dimming prospects weighed on the greenback" and helped the Aussie dollar to 17 month highs.
Former JC Iftikhar Chaudhry asks Nawaz to step down
Those who call themselves leaders have no say in the public while Muhammad Nawaz Sharif is a leader of global stature, he added. A six-member JIT was set up in May which also probed a number of serving and former officials in connection with the case.
A Long Lost 'GOT' Character Is Returning In Season 7!
However, among all the dragons and deaths, author #GeorgeRRMartin is particularly bummed about one big change from his novels. Essentially he's got a problem: He's leader, and she's testing him, and as a leader you can't have someone question you.
Per Cent of French Approve of President Trump Visit
When he was asked these questions about the Paris agreement , Trump did not confirm or deny entering back into the agreement. Macron became France's youngest president when he won a runoff against far-right opponent Marine Le Pen in April.
Palestine denounces ongoing closure of Al-Aqsa mosque
United Nations chief Antonio Guterres condemned the attack, adding: "This incident has the potential to ignite further violence". Israeli authorities then shut the compound down citing security concerns, just hours before Muslim Friday prayers.