Reassurances from Fed on interest rates send stocks higher

NEW YORK (AP) — Stocks closed at their highest level of the year as investors welcomed the latest signal from the Federal Reserve that it would move slowly to raise interest rates.
The market shook off an early loss Tuesday and moved higher after Federal Reserve Chair Janet Yellen said the central bank remains cautious about raising rates.
Technology companies rose more than the rest of the market, led by big gains in Apple and Microsoft.
It was the biggest gain for U.S. stocks in more tha