The market is up 28 points. The Dow Jones was up 162 at 16,425. The market rose after a trifecta of good economic data, better-than-expected corporate earnings from Yahoo, and confirmation from Federal Reserve chair Janet Yellen that the central bank would continue supporting the economic recovery. Trade was below average and the market closed on its highs in a 160-point range.
US economic data was generally better than expected — factory production rose 0.5% in March, and industrial production rose 0.7%, beating expectations. But home construction bounced back less than expected and homebuilder confidence rose less than forecast.