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Stocks Rally On Yellen Comments; Early Rises: Nike, ARM Holdings

Stocks stormed into Friday's session with sharp gains, as the market did its best to shake off a tough week. The Dow Jones industrial average added 1%. The Nasdaq pegged a 0.5% gain. The S&P 500 hauled ahead 0.6%.

Volume was mildly higher, up 3% on the Nasdaq and a fraction higher on the NYSE, relative to action at the same time Thursday.

The stock market today drew confidence from Federal Reserve Chair Janet Yellen's detailed assurances late Thursday that the Fed remained on track to begin a cycle of rate hikes before the end of the year. Those comments launched global markets higher...