Economics
U.S. Stocks Rise for 4th Day as Yellen Fuels Optimism on Economy
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U.S. stocks rose, giving benchmark indexes the biggest four-day rally in more than a year, as comments by Federal Reserve Chairman Janet Yellen fueled bets the economy is strong enough to weather further stimulus cuts.
Cliffs Natural Resources Inc. and Mosaic Co. increased more than 2.4 percent to pace a rally among commodity shares. Boeing Co. and Goldman Sachs Group Inc. jumped at least 2.1 percent, leading gains in the Dow Jones Industrial Average. Sprint Corp. rose 2.7 percent after fourth-quarter revenue topped estimates. CVS Caremark Corp. climbed 2.7 percent as pharmacy sales rose on new medicines and new customers.