NEW YORK, N.Y. – U.S. stocks rose Tuesday as investors were relieved to hear Federal Reserve Chair Janet Yellen say the Fed would remain cautious in raising interest rates.
The Dow Jones industrial average picked up 24.86 points, or 0.1 per cent, to 17,829.73.
The Standard & Poor’s 500 index rose 5.65 points, or 0.3 per cent, to 2,088.90.
The Nasdaq composite added 6.55 points, or 0.1 per cent, to 4,843.76.
For the week:
The Dow is up 154.57 points, or 0.9 per cent.
The S&P 500 is up 17.68 points, or 0.9 per cent.
The Nasdaq is up 43.42 points, or 0.9 per cent.
For the year:
The Dow is up 404.70 points, or 2.3 per cent.
The S&P 500 is up 44.96 points, or 2.2 per cent.
The Nasdaq is down 163.65 points, or 3.3 per cent.