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NOV 13, 2013 - MarketWatch

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Stocks hit session highs on Yellen talk

SAN FRANCISCO (MarketWatch) -- U.S. stocks hit session highs Wednesday afternoon, shedding morning losses, as investors speculated that the upcoming testimony from Federal Reserve Vice Chair Janet Yellen would be pro-monetary stimulus. The Dow Jones Industrial Average was up 15 points at 15,765, recovering after a 78-point deficit. The Nasdaq Composite was up 27 points, or 0.7%, to 3,946. The S&P 500 added 7 points, or 0.4%, to 1,774, on track for a record close. Tom di Galoma, head of U.S. fixed-income rates sales at ED&F Man Capital Markets, said there was talk Yellen's testimony could ... Read More

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