Investors were bullish Tuesday, sending blue chip stocks higher in response to Federal Reserve Chairwoman
Yellen told a congressional panel Tuesday that the Fed would stay the course with a strategy of pulling back on its third round of quantitative easing. The new head of the central bank expressed confidence in the economic recovery, saying it gained strength in the second half of 2013.
The Dow Jones industrial average added 192.98 points or 1.22 percent to 15,994.77, the index posting its fourth consecutive gain. The Standard & Poor's 500 added 19.91 points, 1.11 percent, to close at 1,819.7584. The Nasdaq composite index gained 42.87 points, 1.03 percent, to close at 4,191.04.
The 10-year U.S. treasury was yielding 2.724 percent, off 15/32.
The euro traded at
Crude oil added
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