REFILE-US STOCKS-Wall St advances as Yellen keeps Fed policy intact

martes 11 de febrero de 2014 14:19 GYT
 

* Yellen statement yields no surprises

* House Republicans aim to pass debt limit bill

* Sprint, CVS climb after results

* Indexes up: Dow 0.85 pct, S&P 0.75 pct, Nasdaq 0.62 pct

By Chuck Mikolajczak

NEW YORK, Feb 11 (Reuters) - U.S. stocks rose on Tuesday after new Federal Reserve Chair Janet Yellen reinforced the central bank's plan to trim its market-friendly stimulus, while also noting labor market conditions needed to improve.

In her first public comments as Fed chief, Yellen emphasized continuity in the Fed's policy strategy, saying she strongly supports the approach of her predecessor, Ben Bernanke.

"They are apparently loving what Janet Yellen has to say which is really, 'hold the course steady, here is what I am.' She is not any different than what they expected her to be," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities in New York.   Continuación...