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Post by bot on Jul 12, 2017 17:57:29 GMT -5
U.S. stocks close higher on dovish Yellen, Dow ends at record
U.S. stocks closed higher on Wednesday after Federal Reserve Chairwoman Janet Yellen emphasized the central bank's gradual approach to normalizing monetary policy and expressed optimism about the economy in congressional testimony. The Dow Jones Industrial Average ended up 125 points, or 0.6%, to 21,534, a new closing record. The S&P 500 closed up 17.9 points, or 0.7%, to 2,443.5. The Nasdaq Composite Index jumped 67.9 points, or 1.1%, to 6,261. The day's gains were broad, with all 11 of the S&P 500's primary sectors ending higher on the day. Seeing particular strength were tech shares, which rose 1.3%. Among the biggest gainers of the day, Microsoft Corp ended up 1.7% while Facebook Inc. advanced 2.3%.
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