S&P 500 ends at seven-month high after Yellen comments

The S&P 500 closed at a 7-month high on Monday as Federal Reserve Chair Janet Yellen painted a mostly upbeat picture of the economy but gave little sense of when a rate hike may be coming.

The Dow Jones industrial average closed up 113.27 points, or 0.64 percent, to 17,920.33, the S&P 500 gained 10.28 points, or 0.49 percent, to 2,109.41, its highest close in seven months.

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Posted in: Indian Market Tips