By and  on February 11, 2014

Assurances of consistency at the Federal Reserve from new chair Janet Yellen soothed investors’ lingering anxieties, sending markets in the U.S. and Europe higher and propelling retail stocks to their sixth straight day of gains.

Following Yellen’s remarks to Congress about how she expected a “great deal of continuity” with the policies of her predecessor, Ben Bernanke, the Dow Jones Industrial Average gained 1.2 percent to 15,994.77 and the S&P 500 leaped above the 1,800 mark to close ahead 1.1 percent at 1,819.75.

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