NEW YORK (AP) — 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 percent, to 17,829.73.
The Standard & Poor's 500 index rose 5.65 points, or 0.3 percent, to 2,088.90.
The Nasdaq composite added 6.55 points, or 0.1 percent, to 4,843.76.
For the week:
The Dow is up 154.57 points, or 0.9 percent.
The S&P 500 is up 17.68 points, or 0.9 percent.
The Nasdaq is up 43.42 points, or 0.9 percent.
For the year:
The Dow is up 404.70 points, or 2.3 percent.
The S&P 500 is up 44.96 points, or 2.2 percent.
The Nasdaq is down 163.65 points, or 3.3 percent.