Wall Street closes sharply higher

S&P 500 inks fresh record closing high as Yellen comments boost US stocks.

The S&P 500 has set a new record as buyers pushed US stocks higher, helped by a cautiously positive view of the economy from Federal Reserve Chair Janet Yellen.

At the closing bell, the Dow Jones Industrial Average gained 74.30 points, or 0.46%, to 16,272.71.

The broad-based S&P 500 rose 9.15 points, or 0.50%, to 1,854.31, exceeding the record closing high of 1,848.38 set on January 15 this year.

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