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News Link • Economy - Economics USA

Stocks rise after Yellen talks taper; record finish for S&P 500

 U.S. stocks climbed on Thursday, propelling the S&P 500 to a record close, after Federal Reserve Chair Janet Yellen said the central bank would probably continue tapering its asset purchases while tracking data to figure how much recent softness in the economy is due to the weather.

"Reduced tapering would be very negative to the market. We made a change in December to good news is good news," said Randy Frederick, managing director of active trading and derivatives at Charles Schwab.

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