Stocks Turn Higher As Yellen Strikes Dovish Tone On Rates

By Markets MarketWatch Pulse

U.S. stocks turned higher and climbed modestly on Tuesday, as Federal Reserve Chairwoman Janet Yellen stressed a cautious approach to interest-rate hikes during her speech at the Economic Club of New York. The S&P 500 was up 11 points, or 0.5%, higher at 2,048. The Dow Jones Industrial Average climbed 85 points, or 0.5%, to 17,620. Meanwhile, the Nasdaq Composite advanced 48 points, or 1%, to 4,815.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.