U.S. stocks rose Tuesday as Federal Reserve Chairwoman Janet Yellen noted the recent improvement in the U.S. economy during semiannual testimony before Congress. In prepared remarks to the Senate Banking Committee, Ms. Yellen said if the economy keeps improving as the Fed anticipates, the central bank "will at some point begin considering an increase in the target range for the federal funds rate on a meeting-by-meeting basis." Ms. Yellen also said that the Fed's "patient" stance means that it won't raise rates for at least the next couple of meetings, likely holding market expectations for a midyear rate increase. The Dow Jones Industrial Average advanced buoyed by a rise in Home Depot Inc. shares.
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