Wall Street jumps 1% on strong data

US stocks seal second day of solid gains on back of solid data, Fed rates talk.

US stocks have closed sharply higher after investors responded positively to the latest batch of data, comments from Federal Reserve chair Janet Yellen and a strong performance from Yahoo on the Nasdaq.

At the closing bell, the Dow Jones Industrial Average surged 162.09 points higher, or 1%, to 16,424.65.

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