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US: Wall St opens higher after Yellen comments


[NEW YORK] US stocks opened higher on Wednesday after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual"adjustments to monetary policy.

The Dow Jones industrial average was up 53.11 points, or 0.33 per cent, at 16,067.49, The S&P 500 was up 10.48 points, or 0.57 per cent, at 1,862.69 and the Nasdaq Composite was up 48.49 points, or 1.14 per cent, at 4,317.25.