U.S. stocks rose Thursday as banks resumed their steep upward climb and retailers moved higher. Federal Reserve Chair Janet Yellen emphasized that the Fed plans to raise interest rates, which will help banks make more money from lending.
The Dow Jones industrial average gained 35.68 points, or 0.2 percent, to 18,903.82.
The Standard & Poor's 500 index picked up 10.18 points, or 0.5 percent, to 2,187.12.
The Nasdaq composite climbed 39.39 points, or 0.7 percent, to 5,333.97.
For the week:
The Dow is up 56.16 points, or 0.3 percent.
The S&P 500 is up 22.67 points, or 1 percent.
The Nasdaq is up 96.86 points, or 1.8 percent.
For the year:
The Dow is up 1,478.79 points, or 8.5 percent.
The S&P 500 is up 143.18 points, or 7 percent.
The Nasdaq is up 326.56 points, or 6.5 percent.