Live: Fed caution pushes stocks higher as focus turns to the earnings season – CNBC

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Our live blog is watching stock market movements. Fed Chair Janet Yellen’s cautious testimony to Congress suggested a more gradual rate tightening path.

That, plus an improved outlook for retail thanks to Target’s results, helped the Dow close at a record high. Markets are now looking ahead to earnings reports from three major U.S. banks before Friday’s opening bell.

We’ll bring you the latest analysis below.

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