Stocks Opened Slightly Higher ahead to Yellen Speech

U.S. stocks opened with slightly higher on Monday, as investors were looking ahead to a speech by Federal Reserve Chairwoman Janet Yellen, which comes less than a week after the Fed raised interest rates for only the second time since the financial crisis. The Dow Jones Industrial Average lately rose 46.98 points, or 0.24%, to 19,890.39. The S&P 500 added 6.14 points, or 0.27%, to 2,264.21. The Nasdaq Composite gained 22.26 points, or 0.41%, to 5,459.42.

Oil prices edged down on Monday due to a renewed dollar rally but were still supported at levels of around $55 per barrel. Brent crude futures traded at $54.98 per barrel at 1215 GMT, down 23 cents from their last close. U.S. West Texas Intermediate crude futures were down 21 cents at $51.69 a barrel.

Lennar Corp. (LEN) reported fiscal fourth-quarter earnings that rose to $313.5 million, or $1.34 a share, from $281.6 million, or $1.21 a share, in the same period a year ago. Revenue climbed to $3.38 billion from $2.95 billion.

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