NEW YORK, Dec. 18 (UPI) -- Stock prices jumped after Chairwoman Janet Yellen suggested the Federal Reserve will not hike interest rates until at least April 2015.
As of 12:30 p.m. Thursday, the Standard & Poor's 500-stock index was at 2,042.82, up 1.5 percent for the day. That continued a climb that began Wednesday afternoon when the Fed issued a statement on interest rates.