While you were sleeping Yellen boosts Wall Street

Thu, 14 Nov 2013

By Margreet Dietz Nov. 15 (BusinessDesk) - Wall Street advanced, pushing both the Dow Jones Industrial Average and the Standard & Poor's 500 Index to fresh record highs, amid signs Federal Reserve Chairman Ben Bernanke's nominated successor, Vice Chairman Janet Yellen, supports ongoing stimulus. "A strong recovery will ultimately enable the Fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases," Yellen told the Senate Banking Committee in Washington. "I believe that supporting the recover...

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