Stocks Inch Higher as Yellen Signals Near-Term Rate Hike; Walmart Shares Slip on Earnings

U.S. stocks moved slightly higher on Thursday as Fed Chair Janet Yellen hinted at a near-term rate hike. Yellen is testifying on Capitol Hill Thursday morning. In prepared remarks released earlier, Yellen said an interest rate hike could come "relatively soon." Walmart (WMT) - Get Report reported mixed third quarter results. Earnings of $0.98 a share beat estimates of $0.96, but revenue of $118.2 billion fell short of Wall Street's estimates. Digital sales rose almost 21% year over year. The retailer's September acquisition of Jet.com was accounted for in part of the third quarter. Best Buy (BBY) - Get Report shares were in focus after reporting third quarter earnings of $0.62 a share, topping analysts' estimates of $0.47. Revenue rose 1.4% year over year to $8.9 billion, eclipsing estimates. TheStreet's Scott Gamm reports from Wall Street.