U.S. Stocks Rally, S&P 500 Regains Seven-Month High After Yellen

Updated on
  • Fed chair signals gradual rate increases still appropriate
  • Banks bounce after their worst drop in almost two months

What Will Get Markets Moving Again?

U.S. stocks advanced, with the S&P 500 Index regaining a seven-month high, as Federal Reserve Chair Janet Yellen signaled the economy is still strengthening enough to withstand gradual increases in borrowing costs despite recent signs of slower job growth.

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