U.S. stocks rally Wednesday as investors continue to take dovish cue from Yellen

U.S. stocks opened higher on Wednesday, set to benefit for a second session from a cautious stance on interest-rate hikes expressed by Federal Reserve Chairwoman Janet Yellen. A private-sector jobs report on Wednesday showed a modest deceleration from the prior month but remained roughly in line with expectations. The S&P 500 SPX, +0.67% opened 7 points, or 0.3%, higher at 2,062. The Dow Jones Industrial Average DJIA, +0.74% gained 65 points, or 0.4%, to 17,694. Meanwhile, the Nasdaq Composite COMP, +0.96% began the day up 28 points, or 0.6%, at 4,875.

The article U.S. stocks rally Wednesday as investors continue to take dovish cue from Yellen was originally published at Marketwatch.com.