Share “Stocks move higher after Yellen remarks”

Stocks move higher after Yellen remarks

Published on NewsOK Modified: February 11, 2014 at 10:57 am •  Published: February 11, 2014

NEW YORK (AP) — U.S. stocks are higher as the new head of the Federal Reserve, Janet Yellen, signals that the central bank will continue to dial back its stimulus program if the economy keeps improving.

Investors also cheered news that Congress appears poised to raise the U.S. government's borrowing limit without the political drama that happened late last year. That would avert the risk of a U.S. default.

The Dow Jones industrial average rose 140 points, or 0.9 percent, to 15,942 as of noon Tuesday.

The Standard & Poor's 500 index rose 14 points, or 0.8 percent, to 1,813 and the Nasdaq composite rose 27 points, or 0.7 percent, to 4,175.

CVS Caremark rose 2 percent after the drugstore operator reported a 12 percent increase in earnings.


  1. 1
    ONEOK Partners to invest up to $100 million to expand capacity in Permian Basin
  2. 2
    Report: Thunder signs Josh Huestis to 4-year deal
  3. 3
    Thunder TV analyst Nancy Lieberman expected to become Kings assistant coach
  4. 4
    Dodgers send Olivera to Braves in three-way trade
  5. 5
    MTV's 'Real World' sets casting call in Oklahoma City
+ show more


× Trending business Article