US STOCKS-Dow, S&P edge up to record highs after Yellen comments

martes 24 de febrero de 2015 12:05 GYT
 

* Fed to consider hikes on "meeting-by-meeting" basis - Yellen

* Home Depot helps lift Dow, S&P after earnings

* S&P/Case-Shiller edges higher in December

* Toll Brothers rises after results

* Indexes up: Dow 0.35 pct, S&P 0.14 pct, Nasdaq 0.01 pct (Adds Yellen testimony, data)

By Chuck Mikolajczak

NEW YORK, Feb 24 (Reuters) - U.S. stocks advanced modestly on Tuesday, with the Dow and S&P 500 at intraday records, as investors attempted to interpret testimony by Federal Reserve Chair Janet Yellen.

As investors sought insight on the possible timing of an interest rate hike, Yellen told a congressional committee on Tuesday the Fed is preparing to consider hikes "on a meeting by meeting basis," in a subtle change of emphasis in how the Fed has been speaking about its plans for the first rate increase since 2006.

"You see so much conflicting data coming about, between the minutes and public statements that have been made," said Dan Farley, regional investment strategist at U.S. Bank Wealth Management in Minneapolis.   Continuación...