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S&P 500 Reaches Record High on Janet Yellen’s Senate Testimony

S&P 500 Reaches Record High on Janet Yellen’s Senate Testimony (Bloomberg)

Investors were encouraged by comments made by Federal Reserve Chair Janet Yellen before the Senate today, sending the S&P 500 to a new record high. “Yellen said that they would consider pulling back on their tapering schedule if the economy slowed in a meaningful manner,” Matt Maley, an equity strategist with Miller Tabak & Co., said. “She seems to be more willing to step back on the accelerator than she was when she last spoke to Congress.”

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