July 12 (Reuters) – Wall Street opened higher on Wednesday
after Federal Reserve Chair Janet Yellen said rates hikes would
be gradual and will not have to rise all that much further to
reach neutral level.
The Dow Jones Industrial Average rose 106.47 points,
or 0.5 percent, to 21,515.54. The S&P 500 gained 12.81
points, or 0.52 percent, to 2,438.34. The Nasdaq Composite
added 46.80 points, or 0.76 percent, to 6,240.11.
(Reporting by Tanya Agrawal; Editing by Arun Koyyur)