U.S. Stocks Rally on Dovish Yellen; Lululemon Posts Upbeat Q4

U.S. stocks rose on Wednesday, following reassurance from Federal Reserve Chair Janet Yellen that the central bank will remain accommodative to global markets.
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U.S. stocks rose on Wednesday, following reassurance from Federal Reserve Chair Janet Yellen that the central bank will remain accommodative to global markets. 'The message Yellen delivered was exactly what the market wanted to hear,' said David Lebovitz, global markets strategist at JPMorgan Asset Management. Meanwhile, the ADP National Employment Report was released showing the economy added 200,000 jobs in the private sector in March. The report tends to foreshadow the government's jobs numbers, which are released on Friday. Plus, shares of Lululemon (LULU) - Get Report were on the rise after reporting better than expected fourth quarter earnings of $0.85 a share, beating estimates of $0.80. Full year earnings guidance came in between $2.05 and $2.15 a share, falling short of the consensus estimate of $2.16 a share. TheStreet's Scott Gamm reports from Wall Street.