U.S. stocks advanced modestly on Tuesday as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet Yellen boosted expectations of a December rate hike. Yellen said the Fed needs to continue gradual rate hikes and it would be imprudent to leave rates on hold until inflation reached the Fed's 2-percent target.
NEW YORK (AP) — U.S. stocks are higher Tuesday afternoon. Cruise lines are rising after Carnival had a stronger third quarter than analysts expected and technology companies are climbing after a steep loss a day ago. Small-company stocks continue to set record highs.
The Dow transports is showing pep. Apple is taking a normal-looking breather.