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Stocks end mostly lower after Yellen speech

Stocks ended mostly lower on Friday after Federal Reserve officials said the case has strengthened for raising interest rates above the super-low levels that have helped fuel a seven-year bull market.

Major U.S. indexes initially climbed after a speech by Fed Chair Janet Yellen that was bullish on the economy but gave no timetable for future rate increases. Then investors began to have second thoughts, wondering if an increase was possible as early as next month, and buyers turned to sellers.

By the close of trading, seven of the 10 sectors of the Standard and Poor's 500 index had fallen, led by a 2.1 percent drop in utilities. Investors frustrated with low-yielding bonds...

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