All three benchmark indexes surged as new U.S Federal Chairwoman Yellen said she thinks that the U.S. economy is strong enough to stand without the $65 Billion stimulus, which brought comfort and confidence to investors. But the stimulus program will soon slowly start trimming down.
Yellen also mentioned that she will not stop the stimulus program all at once, but will gradually slow it down.
Today all sectors increased with energy and health care shares leading the gains among all 10 sectors.
The S&P 500 ended 1.11% higher to 1,819.75. The Dow Jones Industrial Average was up 1.22% to 15,994.77 while the Nasdaq added 1.03% to 4,191.04