STOCKS SURGE AFTER YELLEN'S BIG TESTIMONY: Here's What You Need To Know

Janet YellenREUTERS/Jim BourgNew Federal Reserve Board Chairwoman Janet Yellen smiles as her husband, Nobel economics laureate George Akerlof (R), applauds her after she took the oath of office at the Federal Reserve Board in Washington, Feb. 3, 2014.

It was a big day for new Federal Reserve Chair Janet Yellen. It was also a monster day for the stock market.

First, the scoreboard:

  • Dow: 15,994.7 (+192.9, +1.2%)
  • S&P 500: 1,819.7 (+19.9, +1.1%)
  • Nasdaq: 4,191.0 (+42.8, +1.0%)

And now the top stories:

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.