Stocks Notch 4th Straight Record Finish After Yellen Testimony

By Anora Mahmudova Markets MarketWatch Pulse

U.S. stock-market indexes closed at all-time highs for a fourth straight session Tuesday, driven by a jump in financials shares. Banking shares rallied after the Federal Reserve Chairwoman Janet Yellen signaled that the central bank could gradually raise interest rates sooner than later. The S&P 500 closed 9.33 points, or 0.4%, higher at 2,337.58. J.P.Morgan Chase & Co. rose 1.6%, while Bank of America Corp surged 2.8%. The Nasdaq Composite advanced 18.62 points, or 0.% to 5,782.57. Apple Inc. shares rose 1.3%, closing at an all-time high. The Dow Jones Industrial Average advanced 92.25 points or 0.5%, to 20,504.41.

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