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Stocks soar as Fed Chair Janet Yellen testifies to Congress

Stocks (^DJI^GSPC^IXIC) are rallying at the midday mark, with the tech sector (XLK) leading the way up, while financials (XLF) are the only sector in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Dan Roberts, David Nelson, chief strategist at Belpointe Asset Management, and Yahoo Finance’s Jeanie Ahn.

Today, we talk about:

  • Walmart cracking down on suppliers
  • Amazon sets sales record on Amazon Prime Day
  • Fed Chair Yellen sends stocks surging
  • Airlines soar after AA raises guidance on key metric
  • Crude oil whipsawed by conflicting supply reports
  • How to save on credit card fees with a phone call
  • Visa’s war on cash
  • WeChat ads boost Burberry sales