Increases in retail sales, factory output and inflation point to a healthy start in 2017 for the U.S. economy and another Fed rate increase, potentially as soon as next month.
The Dow rose 107.45 to a record 20611.86, the S&P 500 advanced and Treasurys fell on economic data and signals by Yellen.
Yellen defended Fed efforts to boost the economy and warned against reining in the central bank.
Snap has set a valuation for itself of between $19.5 billion and $22.2 billion as the company nears its IPO.
Verizon and Yahoo are closing in on a deal that would cut the price for the internet firm's core business by about $300 million.
BofA stock options awarded to top executives a decade ago expired worthless on Wednesday.
The CEOs of GM and Peugeot moved to head off political resistance in Germany to a potential sale of Opel to the French auto maker.
Workers at Boeing's large plane-making facility in South Carolina voted against joining a union.
Prosecutors are investigating Fox's disclosures to its investors about settlements over sexual-harassment claims against Ailes.
Several retail chiefs met with Trump to lobby against a proposed tax plan that would hurt their profits.
Cisco's revenue fell 2.9%, due in part to weak spending on networking gear.
(END) Dow Jones Newswires
February 16, 2017 02:47 ET (07:47 GMT)
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