(CNBC) U.S. stocks on Wednesday climbed for a third session after U.S. industrial production rose more than projected, Yahoo's earnings topped estimates and Federal Reserve Chair Janet Yellen reiterated the central bank would keep up its backing of the recovery.
Stocks held most of their gains as Federal Reserve Chair Janet Yellen addressed the Economic Club of New York Wednesday afternoon and after the release of the Fed's Beige Book, which found the U.S. economy bounced back from weather-related declines in recent weeks, with modest or moderate economic activity in eight of the Fed's districts.
