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Wall Street set to open higher after Yellen's dovish stance


By Ankur Banerjee and Tanya AgrawalREUTERS - U.S. stocks looked set to open higher on Thursday, a day after Federal Reserve Chair Janet Yellen's dovish stand on interest rates allayed investor fears of a tighter monetary policy.Yellen's comments were part of her two-day semi-annual monetary policy testimony before the Senate Banking Committee. She will resume her testimony at 10 a.m. ET (1400 GMT).Investor cheered Yellen's view of gradual increase in rates on Wednesday, with world shares hitting their fourth all-time high in less than a month on Thursday. The Dow rose to a record high close ...

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First Published: Thu, July 13 2017. 18:25 IST