Economics
S&P 500 Extends Record as Yellen Signals Stimulus Support
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U.S. stocks rose, extending records for benchmark indexes, as comments from Janet Yellen signaled she will continue the Federal Reserve’s stimulus efforts.
PulteGroup Inc. jumped 4.9 percent as homebuilders surged. Office Depot Inc. gained 4.5 percent after Bank of America Corp. recommended investors buy the stock. Cisco tumbled 11 percent, leading a decline among technology shares, after its profit forecast missed projections. Kohl’s Corp. dropped 8.1 percent after the retailer cut its forecast.