US STOCKS-Relief over debt ceiling, Fed lift Wall St for 4th day

martes 11 de febrero de 2014 17:28 GYT

* All 10 S&P sectors rally after Yellen's statement

* House Republicans aim to pass debt-limit bill

* Sprint and CVS climb after results, Dean Foods down

* Dow up 1.2 pct, S&P 500 up 1.1 pct, Nasdaq up 1 pct

By Ryan Vlastelica

NEW YORK, Feb 11 (Reuters) - Wall Street rose for a fourth straight session on Tuesday as Congress agreed to advance legislation extending U.S. borrowing authority and the Federal Reserve's new chief held off from making any changes to its schedule for trimming stimulus.

The gains were broad, with all 10 S&P 500 sectors up for the day and about 75 percent of New York Stock Exchange-traded stocks ending higher. About 67 percent of Nasdaq-listed shares closed in positive territory, while the S&P 500 ended just 1.6 percent away from its record closing high.

Republican leaders in the U.S. House of Representatives caved in to demands by President Barack Obama and agreed to advance legislation increasing Washington's borrowing authority, removing a potential market headwind.

Fed Chair Janet Yellen emphasized continuity in the U.S. central bank's policy strategy of cutting asset purchases by $10 billion a month, saying she strongly supports the approach of her predecessor, Ben Bernanke. In her first public comments as Fed chief, Yellen also said that while the U.S. unemployment rate has fallen recently, labor market conditions needed to improve further.   Continuación...