U.S. Stocks End Higher; S&P, Dow Log Highest Close Of The Year

By Joseph AdinolfiMarketWatch Pulse

U.S. stocks reversed early losses, finishing in positive territory Tuesday after Federal Reserve Chairwoman Janet Yellen emphasized that policy makers would take a cautious approach to raising interest rates. The S&P 500 gained 17.99 points, or 0.9%, to 2,055.03. The Dow industrials gained 98.27 points, or 0.6%, to 17,633.66, with Apple Inc. and Microsoft Corp. leading the blue-chip gauge higher. Both the S&P and Dow logged their highest closes of the year. The Nasdaq gained 79.84 points, or 1.7%, to 4,846.62 -- bolstered by strong gains among tech stocks.

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