Business

S&P 500 Jumps to Record Thanks to Yellen

The S&P 500 jumps to a fresh record close after Federal Reserve Chair Janet Yellen says the market is not overvalued. The Dow, the S&P 500, and the Nasdaq each rallying four straight sessions. After a two-day meeting, the Fed clarified it is far from raising interest rates after continuing to wind down monthly bond purchases by $10 billion. But it was her comments on financial market stability that caught the market's attention, says LPL Financial's John Canally.

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