The Market in Review for February 14, 2014
By Angie Hembury
Stock prices extended gains to three consecutive days on Monday in relatively lackluster trading ahead of new Federal Reserve chief Janet Yellen’s first testimony to Congress. The Dow picked up a modest 0.05%, the S&P 500 rose 0.2% and the Nasdaq, the biggest winner for the day, gained 0.5%.
Fed Chair Janet Yellen comforted Wall Street Tuesday indicating that the central bank will continue providing stimulus to boost the economy and the Major Indices soared. The Dow climbed 193 points, or 1.2%, the S&P 500 added 20 points, or 1.1%, and the Nasdaq increased 43 points, or 1.0%.