Wall Street closes at daily highs as welcomed Yellen words

FXStreet (San Francisco) - US stocks rallied for third day as investors continue to join the upside momentum amid better than expected corporate earnings and a hawkish Janeth Yellen speech.

The Dow Jones advanced 162.09 pts or 1.0% to finish the day at 16,424.65; The S&P 500 climbed 19.33 pts or 1.05% to close session at 1,862.31; while the Nasdaq Composite rallied 52.06 pts or 1.29% to 4,086.23.