Stocks Turn Higher As Yellen Strikes Dovish Tone On Rates

By Anora Mahmudova 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.

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